Twin Disc signs definitive agreement to acquire Katsa Oy

Twin Disc announced that it has entered into 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 EUR 21 million. The transaction is expected to close in the first half of calendar year 2024, subject to customary closing conditions, including regulatory approval. The acquisition of Katsa Oy will broaden Twin Disc’s global reach through further expansion into growing European markets, while also adding complementary products to grow offerings in the industrial, marine and hybrid/electrification space.