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Endurance Technologies Ltd's subsidiary Endurance Overseas Srl signed a Share Purchase Agreement worth €37.74 million to acquire a 60% stake in Stoferle Automotive GmbH and Stoferle GmbH in Germany. The agreement includes call and put options for the remaining 40% stake exercisable from June 2026.
Endurance Overseas acquired 100% of Ingenia Automation s.r.l., an Italian automation and robotics company based in Volpiano, Italy, on May 31, 2024. The acquisition aims to bolster Endurance's skills in industrial automation and expand its value chain presence.