Twin Disc, Inc. completes acquisition of Katsa Oy to expand its global reach and product offerings
Acquiring Company
Twin Disc
Acquired Company
Katsa Oy
Racine
TampereManufacturingManufacturingDescription
Twin Disc, Inc. (NASDAQ: TWIN) has signed a definitive agreement to acquire Katsa Oy, a leading European manufacturer of high-quality power transmission components and gearboxes, in an all-cash transaction valued at €21 million. With this acquisition, Twin Disc aims to broaden its global reach in growing European markets and expand its product offerings in the industrial, marine, and hybrid/electrification space. The acquisition is expected to close in the first half of calendar year 2024, subject to customary closing conditions, including regulatory approval.
Quick answer
Twin Disc is acquiring Katsa Oy, announced March 6, 2024. Twin Disc is based in Racine, Wisconsin, United States.
- How much did Twin Disc pay for Katsa Oy?
- The deal value was not disclosed.
- What does Twin Disc do?
- Twin Disc, Inc. designs, manufactures and sells marine and heavy-duty off-highway power transmission equipment.
- Where are Twin Disc and Katsa Oy based?
- Twin Disc is based in Racine, Wisconsin, United States. Katsa Oy is based in Tampere, Pirkanmaa, Finland.
- Who are the decision-makers at Twin Disc?
- Fundz holds 1 contact at Twin Disc. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Katsa Oy?
Katsa Oy was acquired by Twin Disc, based in Racine. The deal was reported on March 6, 2024. Twin Disc, Inc. designs, manufactures and sells marine and heavy-duty off-highway power transmission equipment. Twin Disc is publicly traded (TWIN) and operates in Manufacturing.
When did Twin Disc acquire Katsa Oy?
Twin Disc's acquisition of Katsa Oy was reported on March 6, 2024. Twin Disc, Inc. (NASDAQ: TWIN) has signed a definitive agreement to acquire Katsa Oy, a leading European manufacturer of high-quality power transmission components and gearboxes, in an all-cash transaction valued at €21 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Katsa Oy do?
Katsa Oy is a leading European manufacturer of high-quality power transmission components and gearboxes. It is privately held, operating in Manufacturing, and is based in Tampere.
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