Endurance Overseas Acquires Remaining 32% Stake In Stöferle Entities For ₹162 Crore
Mumbai: Endurance Technologies Limited announced on 29 September 2026 that its wholly-owned Italian subsidiary, Endurance Overseas SpA (EOSpA), has executed an Amendment Agreement to acquire the remaining 32 per cent equity stake in Stöferle Automotive GmbH and Stöferle GmbH, collectively known as the Stöferle entities. Acquisition Details The acquisition was made for an upfront cash…
Mumbai, September 29, 2026 - Endurance Technologies Limited, through its Italian subsidiary Endurance Overseas SpA, finalized the acquisition of the final 32% stake in German firms Stöferle Automotive GmbH and Stöferle GmbH on September 29, 2026, for a cash payment of €18 million, or roughly ₹162 crore. The purchase sum is lower than the originally agreed-upon €20.13 million.
Endurance Overseas had already held a 68% stake in the entities prior to this deal. As a result, the company now has complete control over both Stöferle Automotive GmbH and Stöferle GmbH.
With this acquisition, Endurance Overseas aims to consolidate management, governance, and operational decision-making under a single structure. This strategic move is expected to improve the company's agility by eliminating minority shareholder concerns and streamlining business execution processes. Both Stöferle Automotive GmbH, founded in 2011, and Stöferle GmbH, established in 1992, specialize in machining aluminium castings for automotive applications and producing CNC machines for internal use, respectively. Their combined turnover for the fiscal year ending March 31, 2026, was €93.3 million.
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