Twin Disc to acquire Finnish gearbox maker Katsa Oy for €21M (~$23M) cash

TWIN DISC INC

All-cash purchase of all Katsa shares by Twin Disc subsidiary; deal valued at €21M, subject to working capital adjustment.
Katsa FY2023 revenue was approximately €33M; acquisition expected to be accretive to EPS within 24 months.
Transaction expected to close in H1 2024, pending regulatory approval from Finnish Ministry of Economic Affairs and customary conditions.
Katsa CEO Tomi Koskinen will continue to lead the operation post-close.
Deal expands Twin Disc's European industrial/marine product lines and hybrid/electrification offerings.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TWIN DISC INC entered into Sale and Purchase Agreement with Katsa Oy valued at €21,000,000 (effective 2024-03-05).

Action: entry
Agreement: asset purchase
Counterparty: Katsa Oy
Value: €21,000,000
Effective: 2024-03-05

Exact text from the filing

On March 5, 2024, TD Finland Holding OY (“TD Finland”), a wholly-owned subsidiary of Twin Disc, Incorporated (the “Company”), entered into a Sale and Purchase Agreement (the “Purchase Agreement”) with Katsa Oy (“Katsa”) to purchase all shares of capital stock of Katsa.

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TWIN DISC INC filing history →

Source: SEC EDGAR

accession 0001437749-24-006720

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