Nature of the Event

Endurance Technologies Limited disclosed the acquisition of Fondalpress SpA, Italy, via its parent company Anna Milena SpA, Italy, by Endurance Overseas SpA, Italy (EOSpA), a wholly owned subsidiary of the Company. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026.

Transaction Details

On 6th October, 2026, EOSpA entered into a Share Purchase Agreement acquiring:

  • 100% shareholding in Anna Milena SpA, which holds 99.5% shares in Fondalpress SpA
  • The balance 0.5% shares in Fondalpress directly from individual shareholders

The acquisition covers both companies collectively referred to as "Target companies" for an agreed price consideration of Euro 12.34 million for 100% stake.

Financial Details

The consideration paid for the acquisition is Euro 12.34 million. However, as the Target companies hold cash and cash equivalents in the range of Euro 10.10 million, the effective net consideration translates to Euro 2.24 million.

The transaction involved cash consideration only (no share swap).

Ownership and Control

EOSpA acquired 100% shareholding and voting rights in both Target companies. The signing and closing of the transaction occurred simultaneously on 6th October, 2026.

Regulatory Aspects

No governmental or regulatory approvals were required for this acquisition, including Antitrust or Golden Power clearances. Ownership and control of Target companies transferred to EOSpA immediately upon execution of the Share Purchase Agreement.

Strategic Rationale

The acquisition aligns with the Group's strategy of strengthening its aluminium die-casting components business in Europe by expanding manufacturing capabilities and enhancing customer reach. The acquisition provides EOSpA with ownership of strategically located land & building including high-quality machines and offers an immediate opportunity to expand production capacities to meet upcoming demand and insourcing of certain currently outsourced products.

Background of Acquired Entities

Anna Milena SpA:

  • Products/line of business: Holding company and management of real estate properties
  • Date of incorporation: 12th August, 1969
  • Country of presence: Italy
  • Financial performance (Euro million):
  • 2023: Turnover 0.40, PAT 0.10
  • 2024: Turnover 0.40, PAT 0.40
  • 2025*: Turnover 0.40, PAT 0.10

*2025 figures based on unaudited/provisional management accounts

Fondalpress SpA:

  • Products/line of business: Die-casting and machining of aluminium components for automotive applications
  • Date of incorporation: 20th September, 1969
  • Country of presence: Italy
  • Financial performance (Euro million):
  • 2023: Turnover 36.40, PAT 0.30
  • 2024: Turnover 32.20, PAT 0.04
  • 2025*: Turnover 26.60, PAT (0.50) [loss]

*2025 figures based on unaudited/provisional management accounts