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.
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