GGB France EURL

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GGB France EURL - overview

Established

1899

Location

Annecy, -, France

Primary Industry

Industrial Machinery

About

GGB France EURL specializes in advanced bearing and surface solutions, focusing on a variety of innovative products designed to enhance performance across multiple sectors. Founded in 1899 in Annecy, France, GGB France EURL develops advanced bearing technologies. The company was acquired by The Timken Company in September 2022 for approximately USD 305 mn in cash, transitioning from EnPro Industries, Inc. Dana Gotlieb is recognized as the founder, contributing significantly to its long-standing expertise in the industry.


GGB specializes in advanced bearing and surface solutions, primarily focusing on metal-polymer bearings, fiber-reinforced composite bearings, engineered plastics bearings, and metal and bimetal bearings. These products are designed to reduce friction and wear, enhance durability, and optimize performance across a variety of applications in sectors such as aerospace, automotive, energy, fluid power, and medical. Their flagship offerings include the DP4®, DX®, HI-EX®, and DU® series of metal-polymer bearings, as well as the GAR-MAX® and HPMB® fiber-reinforced composites. GGB serves a global client base, providing reliable, maintenance-free solutions to companies in North America, Europe, and Asia-Pacific, enhancing the performance and longevity of critical machinery and equipment in demanding environments.


In 2023, GGB generated revenue of USD 51. 50 mn and an EBITDA of USD 3. 77 mn. The company generates revenue through direct sales of its specialized bearing and coating products, engaging in B2B transactions with clients across various industries.


The company establishes partnerships with distributors and wholesalers to ensure widespread availability of its products, which are integral to numerous applications, from industrial machinery to automotive components. While specific pricing plans for individual products are proprietary, GGB's transaction structure typically involves bulk orders placed by companies that require high-performance solutions for their operations. The company's extensive experience in delivering tailored engineering solutions contributes to its reputation as a trusted partner in advanced surface technology. Following its acquisition by The Timken Company, GGB France EURL aims to utilize the resources from this transaction to enhance its sustainable business solutions and expand its service offerings.


The company is poised to introduce new products designed for various applications, maintaining a focus on meeting evolving client needs. GGB plans to broaden its market reach, specifically targeting growth in emerging regions by 2025, enhancing its capability to serve a diverse range of clients globally.


Primary Industry

Industrial Machinery

Sub Industries

Industrial Machinery, Paints & Coatings, Rubber & Plastics, Steel & Metals

Website

www.ggbearings.com

Verticals

Manufacturing

Total Amount Raised

Subscriber access only

GGB France EURL - timeline of key events

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GGB France EURL - financials

Fiscal Year EndedDec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023
Revenue (USD)62,399,15765,532,52267,576,91360,566,07549,113,209---
% Revenue Growth (YoY)-5.0%3.1%(10.4%)(18.9%)---
EBITDA (USD)5,624,9697,645,5138,607,5844,468,9863,250,549---
Operating Income (USD)2,451,8514,510,2396,154,7202,114,4291,141,636---
Operating Margin3.9%6.9%9.1%3.5%2.3%---
% EBITDA Margin9.0%11.7%12.7%7.4%6.6%---
NET Income (USD)2,170,0084,633,7695,362,5782,793,455(11,844,407)---
% Net Margin3.5%7.1%7.9%4.6%(24.1%)---

GGB France EURL - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleAnnouncedGGB France EURL-

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GGB France EURL - employee data

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