Aperam proposes acquisition of VDM Metals
December 3, 2018
Aperam S.A., Luxembourg, has proposed the acquisition of VDM Metals Holding GmbH, Werdohl, Germany. The company filed a form CO notification with the European Commission for the proposed acquisition in October 2018.
Aperam supplies stainless, electrical and speciality steels globally, and serves customers in over forty countries. VDM Metals is a producer of high-performance metals and metal powders for a range of applications and industries.
The acquisition is currently in Phase II review by the European Commission, with a decision set to be made by April 16, 2019, at the latest. The initial Phase I review was said to have raised issues regarding a reduction in competition in the supply of nickel alloys, which both companies produce.
Recently, Aperam signed a Memorandum of Understanding with metal powder producer Tekna, Quebec, Canada, for the joint development of high-quality spherical metal powders for Additive Manufacturing. VDM Metals currently supplies a wide range of superalloy powders, corrosion resistant alloy powders, cobalt-chrome alloy powders and more for the metal AM industry.