Sev.en Global Investments has completed the acquisition of two major steel producers in the UK and Scandinavia: Celsa Steel UK and Celsa Nordic. With this acquisition, the company has expanded its global circular steel portfolio while entering a new industry and geography. From now on, the companies will operate under the names "7 Steel UK" and "7 Steel Nordic."
The steel plants, with a total annual production capacity of 2 million tons, produce construction steel products, including rebar, profiles, mesh, and wire. The produced steel is also used in key industrial sectors such as shipbuilding, railway infrastructure, and wind energy production.
According to the announcement, the acquisition was officially completed on April 11, 2025. It was noted that all of the acquired subsidiaries belonged to Celsa Group, and following the transaction, the group has fully withdrawn from these assets. Celsa Group will direct all proceeds from the sale towards its debt restructuring process. The company emphasized that, along with the recent capital increase and implemented efficiency plans, it is resolutely continuing its financial restructuring and industrial strategy.
Strong Contribution to Green Transformation
Alan Svoboda, CEO of Sev.en Global Investments, commented on the launch of the new brand, considering the acquisition as a key part of the company's growth and diversification strategy. Svoboda stated:
"I am very pleased with the successful completion of the acquisition of several innovative and specialized steel companies. It is part of our strategy to enter new industries, and we believe that steel is a long-term sound investment. We will support growth, development, further innovation, and the green transition. We look forward to promising business strategies and establishing a strong market presence, leveraging our combined strengths to drive innovation and growth. Together, we will build a resilient business ready to face future challenges and unlock new opportunities."
7 Steel aims to solidify its commitment to sustainability through environmentally friendly production processes. The focus of the new brand will be on production using recycled scrap steel in electric arc furnaces. This approach aims to significantly reduce carbon emissions compared to traditional steel production.
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