VDM Metals acquired by stainless steel manufacturing group Acerinox

March 20, 2020

Acerinox, S.A. a multi-national stainless steel manufacturing group based in Madrid, Spain, has acquired VDM Metals GmbH, Werdohl, Germany, in transaction valued at €532 million. VDM Metals is a global supplier of metals which, among its products, offers a range of metal powders for Additive Manufacturing. The acquisition has received approval from the European, US and Taiwanese competition authorities.

The activities performed and products manufactured by Acerinox and VDM in their respective fields are said to compliment each other, and the transaction will have clear manufacturing, sales and distribution benefits for both companies. The new group company is expected to be a global leader in the development and manufacture of special nickel alloys, as well as high-performance stainless steels, as well as an R&D and innovation benchmark in the industry.

“In the circumstances we are currently living, this acquisition makes more sense than ever, since it diversifies our risk, adds a business line and establishes a strategy that we believe will be successful, in addition to strengthening the group’s competitiveness and robustness. Furthermore, the cash generation and decrease in debt recognised last year leaves us in an optimal situation for taking on this challenge,” stated Bernardo Velázquez, CEO of Acerinox.

VDM has seven production plants in Germany and the USA and employs almost 2,000. In 2018/19, VDM achieved sales of €852 million and EBITDA of €97 million. Its incorporation into Acerinox is expected to increase its net sales and billings by more than 20%.

www.vdm-metals.com

www.acerinox.com 



Industry News

Read the latest issue of PIM International

The latest issue of PIM International magazine is available to view online or download in PDF format.

As well as an extensive MIM, CIM industry and sinter-based AM industry news section, this 112-page issue includes the following exclusive articles and reports:

  • Metal Injection Moulding in China: Market opportunities and research activities
  • A beginner’s guide to three leading sinter-based metal Additive Manufacturing technologies
  • MIM superalloys: The effect of lower-cost nitrogen atomisation on properties of sintered IN713C
  • Euro PM2019: Innovations in Powder Injection Moulding process simulation and control
  • > Go to magazine page

E-newsletter

Register for our e-newsletter and we'll let you know each time a new issue of PIM International magazine is available, as well as keeping you informed of MIM and CIM industry developments.

Industry News