Stöferle Acquisition Accelerates at €18 Million in Germany

Endurance Overseas SpA Accelerates Stöferle Acquisition

Endurance Overseas SpA, Italy (EOSpA), a wholly owned subsidiary of Endurance Technologies Limited, accelerated the Stöferle acquisition on September 29, 2026, by securing the remaining 32% equity stake in Stöferle Automotive GmbH and Stöferle GmbH in Germany. The transaction was completed through an Amendment Agreement to the Share Purchase Agreement (SPA) originally dated December 12, 2024. EOSpA agreed to pay €18 million in upfront cash consideration under the “CALL and PUT options” established in the amendment. The transaction gives EOSpA complete ownership of both Stöferle entities and takes effect immediately. No governmental or regulatory approvals are required for the acquisition.

€18 Million Purchase Price for Remaining 32% Stake

The €18 million consideration is below the €20.13 million amount originally agreed for the remaining stake under the SPA. Before this amendment, Endurance Overseas SpA owned 68% of each Stöferle entity, having acquired that interest through two tranches under the SPA and a transfer agreement dated June 29, 2026. The original SPA contemplated purchasing the outstanding 32% in equal tranches across four financial years, with completion scheduled by June 2030. By exercising the available options earlier, EOSpA has instead completed the remaining acquisition immediately for the lower upfront consideration.

Why Endurance Chose to Complete the Acquisition Early

Endurance said the early exercise secures the economic benefit of the reduced acquisition cost while avoiding potentially higher purchase consideration on future tranches. Under the original arrangement, later payments could have increased if the Stöferle entities performed above the base-case assumptions established in the SPA. The company also said that full ownership will bring management, governance, and operational decision-making under a single ownership structure. This arrangement is expected to provide greater strategic and operational flexibility by removing minority shareholder considerations and supporting faster execution of restructuring, investment, and growth plans.

Related Party Transaction and Ownership Structure

Endurance classified the transaction as a related party transaction because the selling shareholders are directors of the Stöferle entities or relatives of those directors. The company stated that the acquisition was conducted on an arm’s-length basis. It also disclosed that neither the Promoter nor the Promoter Group has any direct or indirect interest in the acquisition. The transaction was disclosed by Endurance Technologies under Regulation 30 of the SEBI Listing Regulations to the BSE and NSE. Following completion, Endurance Technologies Limited has, through EOSpA, secured a 100% ownership position in both Stöferle entities.

Stöferle’s Role in Automotive Manufacturing

Stöferle Automotive GmbH and Stöferle GmbH serve the automotive industry by manufacturing machined aluminum die castings used for engine and transmission components. Their activities therefore remain directly connected to automotive component manufacturing and precision metal-processing requirements. The completion of the remaining stake gives EOSpA full ownership of the businesses rather than the 68% position it previously held. The transaction also places the entities within a single ownership framework, which Endurance said is intended to simplify decision-making and provide additional flexibility for operational and strategic initiatives. Germany remains the location of the acquired Stöferle businesses.

Industry Impact & Outlook

The transaction increases Endurance’s ownership control over businesses producing machined aluminum die castings for engine and transmission applications, giving the group full authority over governance and operational decisions at the Stöferle entities. The lower €18 million consideration also provides a direct economic benefit compared with the €20.13 million originally agreed for the remaining stake. The immediate completion removes the multi-year tranche structure that would otherwise have extended through June 2030, while Endurance expects the unified ownership structure to support faster restructuring, investment, and growth decisions. The practical impact will therefore center on how the company uses its expanded control to execute those plans across the German automotive component operations.

Frequently Asked Questions

What is the Stöferle acquisition announced by Endurance?
The Stöferle acquisition involves Endurance Overseas SpA purchasing the remaining 32% stake in Stöferle Automotive GmbH and Stöferle GmbH for €18 million. The transaction gives EOSpA full ownership of both German companies immediately, replacing the previous plan to acquire the remaining interest in equal tranches through June 2030. Endurance said the early purchase secures a lower acquisition cost, avoids potentially higher future consideration, and provides greater control over management, governance, restructuring, investment, and growth decisions.