Twin Disc complete acquisition of Katsa Oy
Acquisition set to broaden Twin Disc’s global reach through further expansion into growing European markets
TWIN Disc Inc., US-based specialists in power transmission technology for marine and land-based applications, have completed the €21 million (approximately US$23 million) acquisition of Katsa Oy, a Finland-based, designer and manufacturer of gearboxes and power transmission components for industrial and marine end markets.
The acquisition of Katsa will broaden Twin Disc’s global reach through further expansion into growing European markets, while also adding complementary products that diversify and enhance Twin Disc’s offerings in the industrial, marine, and hybrid/electrification space.
In addition, Katsa’s wide range of after-sales services and strong in-house capabilities for engineering, development, manufacturing, and heat treatment will strengthen Twin Disc’s global sales and service network.
For the fiscal year ended 30 September 2023, Katsa delivered approximately €33 million of revenue. The acquisition is expected to be accretive to Twin Disc’s US GAAP earnings within 24 months.
‘We are excited to welcome Katsa to the Twin Disc family of brands,’ said John H. Batten, president and chief executive officer of Twin Disc. ‘Acquiring a well-established company with longstanding relationships with many of Europe’s leading OEMs and with a good reputation for its products and production capabilities will be a boon to our industrial and marine product lines. This acquisition will also provide growth opportunities in electric and hybrid applications, and create significant value for our shareholders.’
Tomi Koskinen, chief executive officer of Katsa, said: ‘We are excited to be a part of Twin Disc. Both companies share a common culture based on a commitment to supplying high-quality components through world-class engineering and manufacturing capabilities. These synergies position our products for long-term success.’
At Hillhead 2024, Katsa Oy will be showcasing their latest products and services, including: clutch drives for direct-driven crushers, grinders, and shredders; drivetrain transfer gearboxes for dumptrucks and loaders; special mining and quarrying gearboxes, eg conveyor gearboxes; and high-accuracy gear component manufacturing capabilities.
