Twin Disc, Inc.Expands European Footprint with Acquisition of Katsa Oy
MILWAUKEE, May 31, 2024 - Twin Disc, Inc.(NASDAQ:TWIN) has recently announced the successful acquisition of Katsa Oy, a prominent European manufacturer specializing in power transmission components and gearboxes.This strategic move, valued at $23 million, signals Twin Disc’s commitment to expanding its presence in key markets and solidifying its position as a global leader in drivetrain and propulsion systems.
Twin Disc, Inc.is known for its diverse portfolio of products catering to industries such as marine, oil and gas, and industrial markets.With a market capitalization of $182 million, the company has a strong foothold in the industry and a track record of delivering high-quality solutions to its customers.
The acquisition of Katsa Oy represents a significant milestone for Twin Disc, Inc.as it paves the way for further growth and innovation in the European market.By combining Katsa’s expertise in power transmission components with Twin Disc’s cutting-edge technologies, the company is well-positioned to meet the evolving needs of its customers and drive future success.
We are thrilled to complete the acquisition of Katsa Oy and welcome their talented team to the Twin Disc family, said CEO of Twin Disc, Inc.This strategic move aligns perfectly with our vision for growth and diversification, and we are excited about the possibilities it brings for our company and our customers.
As Twin Disc, Inc.continues to expand its global reach and enhance its product offerings, the acquisition of Katsa Oy serves as a testament to the company’s commitment to driving innovation and delivering value to its stakeholders.This strategic partnership is set to create new opportunities for growth and collaboration, further solidifying Twin Disc’s position as a market leader in the industry.
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