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Twin Disc ( (TWIN) ) has shared an announcement.
On February 14, 2025, Twin Disc entered into a new Credit Agreement with Bank of Montreal, refinancing a prior agreement, and acquired all shares of Kobelt Manufacturing Co. Ltd. The acquisition, completed for CAD $23,397,932, is expected to enhance Twin Disc’s product portfolio and expand its market reach in the marine and industrial sectors. Kobelt’s integration is anticipated to be immediately accretive to Twin Disc’s earnings and will benefit from Twin Disc’s global presence. Kobelt brings extensive after-sales services and specialized capabilities, contributing to Twin Disc’s positioning as an integrated systems supplier.
More about Twin Disc
Twin Disc, Inc. designs, manufactures, and sells marine and heavy-duty, off-highway power transmission equipment, including products like marine transmissions, azimuth drives, surface drives, propellers, boat management systems, power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and control systems. It primarily serves the pleasure craft, commercial, and military marine markets, as well as energy, natural resources, government, and industrial markets worldwide.
YTD Price Performance: -19.66%
Average Trading Volume: 25,939
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $133M
See more data about TWIN stock on TipRanks’ Stock Analysis page.
