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    OPTIMIZED MOVEMENT, SHARED SUCCESS

    Gates powers a wide range of industrial applications — from data centers, food and beverage, and warehouse logistics to off-highway equipment used to support agriculture, forestry, construction, mining, or oil and gas.

    Wherever fluid power or power transmission is needed, Gates is there to deliver highly engineered solutions that are safe and reliable.

    INDUSTRIAL & OFF-HIGHWAY MARKET

    NO BELT DRIVE RE-TENSIONING, NO MAINTENANCE

    Our new-gen, heavy-duty Quad-Power™ 4 bandless V-belt saves time and costs, enables narrower drives, is more powerful, and lasts longer — even for the toughest drives and at extreme temperatures.

    QUAD-POWER 4 PREMIUM V-BELT INNOVATION

    HYDRAULIC HOSE TECH FOR ADVANCED SYSTEMS

    Leading innovation in premium hydraulic hose technology for both constant pressure and impulse applications, we deliver integrated solutions to meet the expanding demands of today and tomorrow.

    MEGASYS™ PREMIUM HYDRAULIC HOSE SOLUTIONS

    MAXIMIZE AUTOMATION WITH HIGH-STRENGTH TPU BELTS

    With more pitches, widths, and accessories, our thermoplastic polyurethane (TPU) power transmission and conveyer belts set the standard for high-strength precision.

    GATES® TPU PREMIUM BELT SYSTEM SOLUTIONS
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    GOING THE EXTRA MILE

    Gates automotive parts are in hundreds of millions of passenger cars, light commercial vehicles, and heavy-duty trucks and buses.

    Trusted by global automotive manufacturers for original equipment (OE) quality and durability, Gates parts — from production lines to aftermarket replacements — keep vehicles on the road longer.

    AUTOMOTIVE & ON-HIGHWAY MARKET

    LEVERAGE NEXT-GEN TECH FOR ELECTRIC AND HYBRID VEHICLES

    Superior thermal management is the key to unlocking peak performance and longevity for hybrids and electric vehicles (EVs); our ThermalPro™ range provides advanced solutions to keep your vehicle running ensure vehicles run cooler, longer, and stronger.

    THERMALPRO AUTOMOTIVE THERMAL MANAGEMENT SOLUTIONS

    PROTECT THE RIDE™

    Gates Complete™ Serpentine Kits help prevent critical system breakdowns, save labor costs, and optimize performance, making it easy to do the job right and eliminate customer comebacks.

     

    AUTOMOTIVE KIT SOLUTIONS

    HAUL MORE AND GO FURTHER WITH YOUR FLEET

    We've partnered with leading heavy-duty truck and bus manufacturers to develop superior belt drives, engine hoses, and system components — all designed to keep your fleet moving forward with reduced maintenance costs, downtime, and labor expenses.

    HEAVY-DUTY TRUCK & BUS MARKET
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    POWERING YOUR ADVENTURE 

    Trails, traffic jams, tundra — whatever the conditions, we’ve transformed power transmission for motorcycles, electric motorcycles, scooters, e-scooters, bicycles, e-bikes, and powersport vehicles.

    Collaborate with our highly knowledgeable engineers to optimize your design and achieve a power transmission solution that meets or exceeds your performance goals. 

    URBAN MOBILITY & POWERSPORTS MARKET 

    CAST OFF THOSE CHAINS

    From downhill mountain bikers and weekend adventurers to daily commuters, Gates Belt Drives elevate the cycling experience: It's not just about getting from A to B, it's about how riders feel on the journey.

    BELT DRIVE SYSTEMS FOR BICYCLES

    PUSH THE LIMITS OFF-ROAD 

    Navigating rugged terrain demands peak performance and safety measures, so Gates G-Force™ continuously variable transmission (CVT) belts are engineered for the most demanding conditions and vehicles, including all-terrain vehicles (ATVs), utility terrain vehicles (UTVs), and snowmobiles. 

    G-FORCE CVT BELTS FOR POWERSPORTS

    LIGHTEN THE LOAD

    With a high strength-to-weight ratio, Gates synchronous belt drives for motorcycles are the perfect solution to improve performance and create a better user experience.

    SYNCHRONOUS BELT DRIVES FOR MOTORCYCLES

    BUILDING THE FUTURE TOGETHER

    INNOVATIVE ADVANCEMENT FOR SUSTAINABLE GROWTH

    Gates solutions empower customers to build a smarter, more sustainable future. From personal mobility to automotive and industrial applications, our solutions are integral to evolving communities and industries. Committed to continuous improvement, we design products that use fewer materials, enhance energy efficiency, and last longer. Through innovative design, procurement, and manufacturing processes, Gates is driving a world of possibilities.

     

    EXPLORE OUR SUSTAINABILITY EFFORTS 

    MAKE AN IMPACT WITH GATES

    At Gates, be a part of something bigger where you can make a difference. We seek talented individuals — across various disciplines — who show potential and drive. Together, we learn, grow, and achieve on a global scale.

     

    FIND YOUR PLACE AT GATES 

     

     

     

     

    INVEST IN TOMORROW WITH GATES

    We’ve got strong vision, clear goals, and smart people. We provide mission-critical, highly engineered products — with regular replacement cycles — that perform in demanding conditions across diverse end markets in over 130 countries.

     

    SEE HOW WE DELIVER INVESTMENT VALUE 

    GATES ANNOUNCES PRICING OF SECONDARY OFFERING OF 15,000,000 ORDINARY SHARES

    Aug 09, 2023
     

    DENVER, Aug. 9, 2023 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES, "Gates" or the "Company") announced today the pricing of the previously announced secondary offering of 15,000,000 ordinary shares (the "Offering") by certain selling stockholders affiliated with Blackstone Inc. (the "Selling Stockholders") at a public offering price of $11.75 per share. The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to 2,250,000 additional ordinary shares. The offering is expected to close on August 14, 2023, subject to customary closing conditions.

    Gates is not offering any ordinary shares in the Offering and will not receive any proceeds from the sale of ordinary shares in the Offering. Citigroup and Goldman Sachs & Co. LLC are serving as the joint lead book-running managers of, and as representatives of the underwriters for, the Offering. BofA Securities, Barclays, Morgan Stanley, RBC Capital Markets and UBS Investment Bank are also serving as joint book-running managers for the Offering.

    The offering of these securities is being made pursuant to an effective shelf registration statement. The offering will be made only by means of a prospectus. A copy of the prospectus relating to these securities may be obtained upon request by contacting: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146); or Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282 (Tel: 866-471-2526) or by e-mail at prospectus-ny@ny.email.gs.com.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Gates:
    Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers, and to original equipment ("first-fit") manufacturers as specified components. Gates participates in many sectors of the industrial and consumer markets. Our products play essential roles in a diverse range of applications across a wide variety of end markets ranging from harsh and hazardous industries such as agriculture, construction, manufacturing and energy, to everyday consumer applications such as printers, power washers, automatic doors and vacuum cleaners and virtually every form of transportation. Our products are sold in more than 130 countries across our four commercial regions: the Americas; Europe, Middle East & Africa; Greater China; and East Asia & India.

    Forward‐Looking Statements and Information:
    This press release contains forward-looking statements, which involve risks and uncertainties. Forward-looking statements include all statements that are not historical facts. In some cases you can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "predicts," "intends," "trends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Forward-looking statements are based on the Company's current expectations and actual results may differ materially. Other risks and uncertainties are more fully described in the section entitled "Item 1A. Risk Factors" of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, as filed with the SEC, as such factors may be updated from time to time in the Company's periodic filings with the SEC. Investors are urged to consider carefully the disclosure in our filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Gates undertakes no obligation to update or supplement any forward-looking statements as a result of new information, future events or otherwise, except as required by law.

    SOURCE Gates Industrial Corporation plc

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