Timken completes sale of belts business assets to Gates Industrial
TKR•Timken completed the sale of its belts business assets to Gates Industrial on Sept. 28, 2026; financial terms were not disclosed. The deal is expected to lift adjusted EBITDA margins in Timken’s Industrial Motion segment and be accretive to EPS in 2027.
1. Deal details
Timken completed the sale of its belts business assets to Gates Industrial on Sept. 28, 2026. The divested unit makes belts for industrial, commercial and consumer uses; financial terms were not disclosed. The transaction is expected to lift adjusted EBITDA margins in Timken’s Industrial Motion segment and be accretive to EPS in 2027. Timken said proceeds are earmarked for its capital allocation priorities.
