---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-006720"
form_type: "8-K"
ticker: "TWIN"
cik: "0000100378"
company_name: "TWIN DISC INC"
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T02:17:40.798254+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-006720
- form_type: 8-K
- ticker: TWIN
- cik: 0000100378
- company_name: TWIN DISC INC
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100378/000143774924006720/0001437749-24-006720-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100378/000143774924006720/twin20240301_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-006720
- JSON: https://secwatch.observer/filing/0001437749-24-006720.json
- Plain text: https://secwatch.observer/filing/0001437749-24-006720.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/100378/000143774924006720/0001437749-24-006720-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.