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Twin Disc, Inc. Announces Acquisition of Kobelt
TWINTwin Disc(TWIN) GlobeNewswire·2025-02-18 13:00

Core Viewpoint - Twin Disc, Inc. has successfully completed the acquisition of Kobelt Manufacturing Co. Ltd. for 16.5million,enhancingitsproductofferingsandglobalreachinthemarineandindustrialsectors[1][2][4].CompanyOverview−TwinDisc,Inc.specializesinpowertransmissiontechnologyformarineandland−basedapplications,offeringproductssuchasmarinetransmissions,azimuthdrives,andhydraulictorqueconverters[5].−KobeltManufacturingCo.Ltd.isaCanadiancompanywithover60yearsofexperienceindesigningandproducinghigh−qualityproductsformarineandindustrialsectors,focusingonpropulsion,steering,andbrakingcontrolsystems[6].AcquisitionDetails−TheacquisitionofKobelt,whichgeneratedapproximately16.5 million, enhancing its product offerings and global reach in the marine and industrial sectors [1][2][4]. Company Overview - Twin Disc, Inc. specializes in power transmission technology for marine and land-based applications, offering products such as marine transmissions, azimuth drives, and hydraulic torque converters [5]. - Kobelt Manufacturing Co. Ltd. is a Canadian company with over 60 years of experience in designing and producing high-quality products for marine and industrial sectors, focusing on propulsion, steering, and braking control systems [6]. Acquisition Details - The acquisition of Kobelt, which generated approximately 14 million in revenue for the year ending December 31, 2024, is expected to be immediately accretive to Twin Disc's U.S. GAAP earnings [3]. - Kobelt's extensive after-sales services and manufacturing capabilities, including an in-house foundry and precision machining, will enhance Twin Disc's quality control and product diversification [2][4]. Strategic Implications - The acquisition is anticipated to expand Twin Disc's international reach and create growth opportunities through enhanced partnerships and a broader product offering [2][4]. - Both companies share a strong reputation and extensive history, which is expected to add value to their combined customer base [4].