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The Elmet Group Co. Signs Agreement to Acquire ams OSRAM Schwabmünchen Metal Production Operations, Establishing European Manufacturing Footprint for Tungsten and Molybdenum Components

ELMT
  • The Elmet Group Co. (NASDAQ: ELMT) signed a definitive agreement for its German subsidiary, Elmet Technologies GmbH, to acquire the tungsten and molybdenum manufacturing assets of ams OSRAM in Schwabmünchen, Bavaria, Germany.
  • This transaction establishes Elmet's first manufacturing footprint in the European Union for refractory metals & creates a European production base for tungsten & molybdenum powder, rods, wire, electrodes, & machined components.
  • The closing of the transaction is expected to occur in the first quarter of 2027, subject to regulatory approvals & the completion of transition activities to operate the Schwabmünchen facility as a standalone entity.
  • The Schwabmünchen site, operational since 1961, features a fully integrated production chain from powder formation to finishing & holds a 2024 Germany Smart Digitization Factory 4.0 award for its digital innovation.
  • The acquisition extends Elmet's vertically integrated platform into Europe to serve defense, fusion research, semiconductor, automotive, medical, & industrial customers with greater speed & reliability.
  • Elmet plans to retain the existing Schwabmünchen leadership & operating team while investing in the workforce, equipment, capacity, & quality systems at the site.
  • The company intends to expand the site's product range to include TZM & tungsten heavy alloy supported by infrastructure upgrades & collaboration with local unions & the works council.
  • Elmet Technologies GmbH will support ams OSRAM & its spinoff under production agreements during the transition to ensure supply continuity for existing external customers.
  • The site covers approximately 26,800 square meters & produces over 3,500 products including metal powders, rods, wire, cathodes, anodes, & machined parts.