Skip to main content

Twin Disc completes Veth buy


Twin Disc said it has closed its acquisition of Veth Propulsion Holding BV. Twin Disc paid €52.1 million (approximately $60.8 million) in cash and working capital adjustments for the supplier of marine propulsion products. Veth is expected to have $60 million in sales for 2018.

Twin Disc said the acquisition establishes it as a “leading power control business” for the global marine industry. “The acquisition creates a compelling opportunity with strong earnings accretion and returns on invested capital,” said John H. Batten, president and CEO of Twin Disc, in a statement.

Batten said the two companies have been working closely for more than two years, allowing Twin Disc to develop a “unique insight” into Veth’s business. “This familiarity will allow for an efficient integration of their operations into Twin Disc while accelerating our sales and marketing opportunities,” Batten said.

In business since 1951, Veth Propulsion engineers and manufactures azimuth rudder propellers, thrusters and electronics. It is also a supplier and servicer of diesel engines and generator sets.



Marine Travelift Launches Co-op Program

The company received its first student, a University of Wisconsin engineering major, in the seven-month paid co-op.


Trade Only Today Returns Tuesday

The e-newsletter will not publish July 4 in observance of Independence Day. We wish everyone a safe holiday weekend.


ORR Announces Federally Funded Projects

The U.S. Economic Development Administration prioritized outdoor recreation for the first time


Ten Ways To Sell in a Tough Economy

These keys to successful selling can help you create customers who keep coming back, even when sales dip


ASA Names New Board Members

The American Sportfishing Association filled two at-large seats and two regional seats on its board of directors.


Dammrich, Hopkinson Partner With Marine Resources Recruitment

The industry veterans will help clients fill executive-suite, marine industry job openings around the world.


DEALERS: How Was Business in the First Half of 2022?

With the second quarter coming to a close, was there parity between the budget and financial performance in the first six months? Take the Pulse Report survey here.


Passagemaker Relaunches Podcast

Trawler Talk aims to connect with those who are interested in the cruising lifestyle, with episodes dropping every other week