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 



Latest Industry News

Download the latest issue of PM Review

Our latest issue is now available to download in PDF format, free of charge.

As well as an extensive Powder Metallurgy industry news section, this 92-page issue includes the following exclusive articles and reports:

  • The potential for Industry 4.0 and IoT to monitor and improve powder compaction
  • Osterwalder: taking a new approach to tooling changeover on multi-level presses
  • Understanding the differences in particle size distribution methods for fine metal powders
  • Euro PM2019: Novel process developments highlight new opportunities for PM
  • More information

Industry News

E-newsletter

Sign up to our free e-newsletter, sent weekly to industry professionals around the world. We'll also let you know each time a new issue of PM Review magazine is available.

Subscribe for a FREE digital magazine

PM Review is the leading international magazine for the Powder Metallurgy industry.
Published four times a year, it is available as a free download or through a print subscription

Connect with us

Powder Metallurgy: The original net-shape production process

Powder Metallurgy components are relied upon by a wide variety of manufacturing industries, from automotive to power tools, household appliances, chemical engineering, filtration and more.

The main reason for the technology’s success is its cost-effectiveness at producing high volumes of net-shape components, combined with its ability to allow the manufacture of products that, because of the production processes, simply cannot be manufactured by other methods.

To discover more about how the technology has revolutionised component production, browse our Introduction to Powder Metallurgy.

Latest industry news

Copy link
Powered by Social Snap