Twin Disc Inc. Expands European Footprint with Katsa Acquisition
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Twin Disc Inc. Expands European Footprint with Katsa Acquisition

Twin Disc Inc. (TWIN) just unveiled an update.

TD Finland Holding OY, a subsidiary of Twin Disc, Incorporated, has struck a deal to acquire all shares of Katsa, a Finnish producer of power transmission components and gearboxes, for €21 million, with adjustments based on Katsa’s net working capital. The transaction’s completion hinges on fulfilling certain conditions, including regulatory approval and preservation of key personnel. The sale is part of a strategic move to expand Twin Disc’s presence in the European industrial and marine markets, with the Board of Directors fully backing the Purchase Agreement.

For detailed information about TWIN stock, go to TipRanks’ Stock Analysis page.

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