Gates Industrial Corporation Strengthens Position in Power Transmission with Timken Acquisition

Gates Completes Acquisition of the Belts Business from The Timken Company

In a strategic move to enhance its market position, Gates Industrial Corporation Ltd., a prominent player in the power transmission and fluid power sectors, has finalized the acquisition of the belts business previously owned by The Timken Company. This acquisition was officially announced on September 28, 2026, and marks a significant step forward for Gates as it seeks to expand its industrial and mobility market presence.

The addition of Timken's belts business not only bolsters Gates' manufacturing capabilities but also strengthens its relationships with vital customer bases in North America. Tom Pitstick, the Americas president at Gates, highlighted that this acquisition is pivotal for the company's growth strategy, particularly in the industrial original equipment manufacturers (OEM) and the mobility power sports markets. By integrating Timken’s esteemed product line, Gates aims to create enhanced value for its customers, employees, and stakeholders.

The integration process is designed to be seamless, leveraging the existing manufacturing and distribution infrastructures that Gates has established. This will facilitate a smoother transition for both staff and customers alike. Alongside acquiring the belts business, Gates will also take operational control of the belts manufacturing facility located in San Jose Iturbide, Mexico. This strategic addition is expected to broaden Gates’ footprint in North America, further strengthening its operational network.

Although the financial details of the transaction have not been publicly disclosed, the implications of this acquisition are significant. Not only does it allow Gates to access new manufacturing capacity, but it also enables the company to tap into existing customer relationships that Timken has cultivated over the years. Gates anticipates that the infusion of talent from Timken will enhance its creation and delivery of high-quality power transmission solutions, which are essential in various applications ranging from heavy industry to consumer products.

As Gates integrates the belts business, it plans to implement a structured approach to maintain operational efficiency and continuity. This strategy encompasses customer support during the transition, ensuring that all stakeholders receive the continued level of service they expect. The company’s commitment to innovation and quality will remain at the forefront during this integration, as it seeks to build on the strong foundations laid by both Gates and Timken.

Gates Corporation has a long history as a global leader in manufacturing innovative power transmission and fluid power solutions. Their products are sold in over 130 countries and include a broad portfolio that serves both industrial and consumer markets. The strategic acquisition of the Timken belts business is expected to further enhance their operational capabilities and market reach, positioning Gates for greater success in the competitive power transmission landscape.

In conclusion, this acquisition aligns with Gates’ vision for sustainable growth and adaptation in an ever-evolving marketplace. As they welcome new team members from Timken, Gates is excited about the path ahead and is committed to delivering exceptional value to its customers and the broader community.