Twin Disc, a global leader in power transmission technology for both marine and land-based applications, has successfully finalized the acquisition of Katsa Oy, a Finland-based designer and manufacturer of gearboxes and power transmission components for industrial and marine markets. The deal, valued at €21 million (approximately $23 million), marks a significant milestone for Twin Disc.
This strategic acquisition will enable Twin Disc to expand its global footprint, particularly in the growing European markets. Katsa Oy’s diverse product portfolio will complement and enhance Twin Disc’s existing offerings in the industrial, marine, and hybrid/electrification sectors. Additionally, Katsa’s extensive after-sales services and robust in-house capabilities in engineering, development, manufacturing, and heat treatment will bolster Twin Disc’s global sales and service network.
For the fiscal year ending September 30, 2023, Katsa Oy reported approximately €33 million in revenue. The acquisition is anticipated to positively impact Twin Disc’s U.S. GAAP earnings within the next twenty-four months.
“We are thrilled to welcome Katsa to the Twin Disc family,” said John H. Batten, President and CEO of Twin Disc. “Katsa’s established relationships with many of Europe’s leading OEMs and its strong reputation for quality products and production capabilities will significantly enhance our industrial and marine product lines. This acquisition also opens up new growth opportunities in electric and hybrid applications, creating substantial value for our shareholders.”
Tomi Koskinen, CEO of Katsa Oy, added, “We are excited to join forces with Twin Disc. Both companies share a commitment to delivering high-quality components through world-class engineering and manufacturing. These synergies will position our products for long-term success.”
As a proud distributor and service partner for Twin Disc in the UK and Ireland, we look forward to the enhanced capabilities and expanded product offerings this acquisition brings to our valued customers.
