Twin Disc Inc., Racine, Wis., a marine and land-based power transmission technology company announced the successful completion of its $16.5 million acquisition of Kobelt Manufacturing Co. Ltd., a Surrey, British Columbia-based company that specializes in brake, control and steering systems for industrial and marine end markets.
Twin Disc's global presence will expand Kobelt's international reach, while Kobelt will contribute complementary products that diversify and enhance Twin Disc's portfolio in the industrial and marine sectors. Kobelt's extensive after-sales services, combined with its in-house foundry and bronze die casting capabilities featuring precision machining, assembly and testing, is designed to ensure complete quality control.
For the year ending Dec. 31, 2024, Kobelt delivered approximately $14 million of revenue. The acquisition is expected to be immediately accretive to Twin Disc's U.S. GAAP earnings.
"We are excited to welcome Kobelt to the Twin Disc family of brands, acquiring a well-established company with longstanding relationships in 60 countries and a strong reputation that complements the Twin Disc brand,” John H. Batten, president and CEO of Twin Disc, said in a statement announcing the completion of the purchase. “This acquisition expands our product offering further, enabling growth opportunities and partnerships through our global sales and service team.”
"Twin Disc is the right fit for Kobelt,” Dave Bockhold, CEO of Kobelt, said. “The complementary nature of our product lines, manufacturing capabilities, and culture positions us as an integrated systems supplier for the Marine and Industrial sectors. Both organizations' extensive history, knowledge, and expertise will add value and expand opportunities to our combined customer base."
