Endurance Technologies Limited — JV/Acquisition, 02-04-2025: Acquisition

Endurance Technologies Limited's subsidiary, Endurance Overseas SpA (EOSpA), has successfully acquired a 60% stake in Stöferle GmbH and Stöferle Automotive GmbH for €37.74 million. This acquisition, now finalized following the approval from regulatory antitrust authorities, strategically positions EOSpA and Endurance in the automotive sector, enhancing their operational capabilities and market presence. The target companies will now operate as direct subsidiaries of EOSpA, potentially unlocking new synergies and growth opportunities for Endurance.