US$23M marine and power transmission acquisition finalised

US-based Twin Disc has completed the US$23M 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 the privately held Finnish company by NASDAQ-listed marine, heavy-duty and off-highway power transmission equipment designer and manufacturer will add complementary products and expand the company’s footprint in the European market.
For the fiscal year ended 30 September 2023, Katsa reported about US$35.9M in revenue.

Twin Disc president and chief executive John H Batten said the acquisition will enable the company to build on Katsa’s longstanding relationships with European OEMs, and growth opportunities in electric and hybrid applications.

One of Katsa’s newest products, for example, is a hybrid power take-off (PTO) gearbox concept. It is also developing new winch gears and winch electric powerpacks using permanent magnet motor technology.