Kadant Inc. (NYSE:KAI) entered into a share purchase and transfer agreement to acquire Voestalpine BÖHLER Profil GmbH from voestalpine High Performance Metals GmbH on January 29, 2026. The transaction will be financed primarily through borrowings under Kadant?s revolving credit facility. The parties' obligations to consummate the Acquisition are subject to certain Austrian regulatory approvals and the satisfaction of certain customary closing conditions.

Voestalpine BÖHLER Profil GmbH reported revenue of ?51.5 million for period ending March 31, 2025. The business will be named Kadant Profil GmbH & Co KG upon closing. Transaction is expected to close in the first quarter of 2026.