Arvedi completed the acquisition of Acciai Speciali Terni from thyssenkrupp.

Arvedi, a manufacturer of steel products, completed the acquisition of Acciai Speciali Terni, a steel mill, from thyssenkrupp, a conglomerate with a focus on industrial engineering and steel production. Financial terms are not disclosed. “This fourth transaction shows once again clearly that we are working through our priorities and making decisive progress in the transformation of thyssenkrupp. Speed in focusing the portfolio is crucial for a successful change process. At the same time, improving performance remains our most urgent task. Here too we are well on track and will not let up,” Martina Merz, thyssenkrupp CEO.