The Timken Company has agreed to acquire CGI Inc., a Nevada-based manufacturer of precision drive systems serving a broad range of automation markets with a concentration in medical robotics. The deal is subject to customary closing conditions, including regulatory approval, and is expected to close in the third quarter.

Gear drives are fundamental in most processing operations, connecting the prime mover to the driven equipment and ensuring that the system has enough torque to effectively move product. Correctly specifying and selecting the proper gear drives for critical applications leads to reliability, greater uptime and profitability.

The landscape of the global precision gearbox and geared motor market is undergoing significant transformation and is expected to grow by over 10 percent in 2025, as it recovers from an earlier than anticipated dip in 2023 and 2024. According to the latest data from market intelligence specialist Interact Analysis, strong demand will generate a compound annual growth rate (CAGR) of 7.9 percent - with the market increasing from $3.29 billion to $4.8 billion - between 2023 and 2028.

MINExpo boasts 1,900+ companies involved in the global mining industry. Opening sessions allow the industry to come together to debate global challenges, market fluctuations and the future of mining. Resources include exploration, mine site development, open pit mining, underground mining, smelting and refining, processing and preparation and reclamation.

Bonfiglioli USA recently celebrated its 25th anniversary. While the company’s roots in North America trace back to Canada in 1986, Bonfiglioli USA’s establishment in 1999 marked a significant expansion and solidified its presence in the United States.

SEW-Eurodrive announces the launch of XMiner Industrial Gear Units, specifically designed for the rigorous demands of mining and aggregates applications including conveyor systems, crushers, and apron feeders. Built on the trusted X.e series platform, the XMiner units are now available with local engineering, stocking, and assembly in Wellford, South Carolina, ensuring quick and reliable support for North American customers. The XMiner Industrial Gear Units are tailored to meet the high-performance requirements of mining operations. 

Becoming an industry-leading manufacturer of motion control and power transmission components came quickly for Zero-Max by being responsive to customer’s needs with innovative products and exceptional service. Its first product was a unique Mechanical Variable Speed Drive that solved application challenges in varied industries, with many of these drives still in use 75 years later.

Schaeffler has recognized 23 suppliers for outstanding performance with the Schaeffler Supplier Award at this year’s Supplier Day in Herzogenaurach. In front of 450 guests, Georg F. W. Schaeffler, family shareholder and chairman of the supervisory board of Schaeffler AG, and Klaus Rosenfeld, chief executive officer of Schaeffler AG, presented the awards in the five categories of Innovation, Sustainability, Value, Quality, and Supply Chain.

Nord Drivesystems recently celebrated the grand opening of their new, state-of-the-art production facility in McKinney, Texas. This factory marks the fourth U.S. production location of the global gear motor and control products manufacturer, with established facilities located in Corona, CA, Charlotte, NC, and the 291,700 sq. ft. U.S. corporate headquarters in Waunakee, WI.

Nord’s industrial automation solutions include MaxxDrive industrial gear units, Unicase parallel shaft gear units, Unicase helical bevel gear units, IE3 – IE5+ high efficiency electric motors, and Nordac variable frequency drives. These solutions are engineered to work in unison for ultimate performance in demanding, heavy industrial environments.