Endurance Technologies Subsidiary Completes Remaining 32% Acquisition in Stöferle Entities for €18 Million

Endurance Overseas SpA, Italy (EOSpA), a wholly owned subsidiary of Endurance Technologies Limited, on 29 September 2026 accelerated the acquisition of the remaining 32% equity stake in Stöferle Automotive GmbH and Stöferle GmbH, Germany, by executing an Amendment Agreement to the Share Purchase Agreement (SPA) dated 12 December 2024.

The stake was bought for an upfront cash consideration of €18 million, under the "CALL and PUT options" agreed in the Amendment Agreement, to secure full ownership and avoid a higher price on future tranches. Endurance Technologies disclosed the deal to BSE and NSE under Regulation 30 of the SEBI Listing Regulations.

The SPA had provided for the 32% to be acquired in equal tranches over four financial years by June 2030. The deal takes effect immediately, and no governmental or regulatory approvals are required.

Stöferle Deal Value: €18 Million Against €20.13 Million Originally Agreed

The €18 million is lower than the €20.13 million originally agreed for the stake. EOSpA now holds 100% of each Stöferle entity. Before the amendment it held 68%, acquired in two tranches under the SPA and a transfer agreement dated 29 June 2026.

Why Endurance Accelerated the Stöferle Acquisition

The company said exercising the option early secures the economic benefit of the reduced acquisition cost. It also avoids a higher purchase consideration on future tranches if the entities' performance exceeds the SPA's base case assumptions.

The company said full ownership will align management, governance and operational decision-making under a single ownership structure. It expects greater strategic and operational flexibility by eliminating minority shareholder considerations, and faster execution of restructuring, investment and growth plans.

Endurance–Stöferle Related Party Transaction Details

The company said the transaction is a related party transaction, as the selling shareholders are directors of the Stöferle entities or relatives of such directors. It said the deal is on an arm's length basis. Neither the Promoter nor the Promoter Group has any interest, direct or indirect, in the acquisition.

What Stöferle Makes for the Automotive Industry

Both companies serve the automotive industry, which the filing describes as manufacturing machined aluminium die castings for engine and transmission components.