Gearbox manufacturer Twin Disc has successfully completed its $16.5 million acquisition of Kobelt Manufacturing, a Canadian company specialising 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," said Twin Disc.
"Kobelt’s extensive after-sales services, combined with its in-house foundry and bronze die casting capabilities featuring precision machining, assembly and testing, ensures complete quality control."
For the year ending December 31, 2024, Kobelt delivered approximately $14 million of revenue. The acquisition is expected to be immediately accretive to Twin Disc’s US GAAP earnings.
“Twin Disc is the right fit for Kobelt," commented Dave Bockhold, CEO of Kobelt. "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.”