Aperam to acquire VDM Metals for 438 million Euros – Feedback

Aperam, a global company in stainless, electrical and specialty steel, has signed an agreement to acquire VDM Metals, a leading company in alloys and steel, for 438 million Euros. The combination of VDM Metals with Aperam’s Alloys and Specialties Division will create a leader in global premium speciality alloys.

L. N. Mittal, chairman & CEO of ArcelorMittal, is also the chairman of Aperam. In 2017, Aperam had sales of USD 5.1 billion and steel shipments of 1.94 million tonnes. In a statement Aperam said it has signed a Share Purchase Agreement with Falcon Metals and Lindsay Goldberg Vogel to acquire VDM Metals Holding Gmbh. The combination of VDM Metals with Aperam’s Alloys & Specialties Division will create a leader in global premium speciality alloys.

https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/aperam-to-acquire-vdm-metals-for-438-million-euros-/articleshow/63725948.cms

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