The Timken Company (TKR) declared that it completed its previously announced acquisition of CGI, Inc. The acquisition of CGI will strengthen TKR's position as an international player in automation and robotics solutions. On Aug. 5, 2024, Timken revealed that it signed a deal to acquire CGI. TKR funded the deal using cash on hand and existing committed credit facilities. CGI's Portfolio Complements Timken CGI, founded in 1967, is a family-owned company with a compelling product portfolio, a strong presence i ...