With the acquisition of Magnetec Group, which had entered pre-insolvency proceedings, Aperam S.A. aims to expand its downstream activities within the Alloys & Specialties division and strengthen its position in global electrical engineering and electronics markets.
Founded in 1984 and headquartered in Hanau, Magnetec operates a vertically integrated value chain for nanocrystalline strips and cores. The company serves the automotive, energy, security, and general industrial sectors, with production facilities in Hungary, Moldova, Vietnam, and China.
The acquisition is seen as a step supporting Aperam’s growth in the Alloys & Specialties segment, following initial developments in its component activities in France and China. The company holds a strong position in energy applications with advanced production capabilities in France and India, and has also expanded its presence in aerospace and defense markets following its acquisition of Universal Stainless & Alloy Products in the United States.
Sud Sivaji, CEO of Aperam, stated that the transaction marks an important step in the company’s strategic growth: “The acquisition of Magnetec strengthens our position in high-growth electrical and electronic applications while expanding our capabilities in advanced magnetic solutions. Building on our leadership in energy and our expansion into aerospace and defense, this step will accelerate our transformation toward high value-added and innovation-driven markets.”
Following the merger, Aperam is expected to enhance its product portfolio and R&D capabilities, increase supply chain resilience, and expand its global customer reach.
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