TWIN - Twin Disc Inc. Completes Acquisition of Katsa Oy | Benzinga
MILWAUKEE, May 31, 2024 (GLOBE NEWSWIRE) -- Twin Disc, Inc. (NASDAQ:TWIN) announced today that it has completed the previously announced acquisition of Katsa Oy ("Katsa"), a leading European manufacturer of high-quality power transmission components and gearboxes, in an all-cash transaction valued at €21 million (approximately $23 million).
The acquisition of Katsa broadens Twin Disc's global reach through further expansion into growing European markets, while also adding complementary products to grow offerings in the industrial, marine and hybrid/electrification space.
For the fiscal year ended September 30, 2023, Katsa delivered approximately €33 million of revenue. Once fully integrated, the acquisition is expected to be accretive to Twin Disc's U.S. GAAP earnings within twenty four months.
About Twin Disc
Twin Disc, Inc. designs, manufactures and sells marine and heavy-duty off-highway power transmission equipment. Products offered include marine transmissions, azimuth drives, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and control systems. The Company sells its products ...