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New Deal


Announced

Completed

Severfield completed the acquisition of Voortman Steel Construction for €24m.

Financials

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Transaction Value£21m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales0.3x
EV/EBITDA5.33x
Share Price Premium-
One Off Charge-

Tags

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steel construction

Majority

Acquisition

Cross Border

Netherlands

Private

Construction Services

Friendly

Single Bidder

Completed

Synopsis

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Severfield, a structural steel group, completed the acquisition of Voortman Steel Construction, an innovative European steel construction group, for €24m. The acquisition of VSCH, a profitable, cash generative business headquartered in Rijssen, the Netherlands, will provide Severfield with a manufacturing base in Europe to complement its existing European business.

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