Announced
Completed
Financials
Tags
magnetic materials
Diversified Materials
Germany
Acquisition
Cross Border
Majority
Private
Private Equity
Completed
Friendly
Single Bidder
Synopsis
Ara Partners, a private equity firm, completed the acquisition of Vacuumschmelze, an advanced magnetic materials producer, from Apollo, an investment company. Financial terms were not disclosed. "We are excited to partner with Ara Partners, which has a strong track record of working closely with management teams across the industrial economy to create value while achieving meaningful decarbonization benefits. Ara and VAC will capitalize on significant growth opportunities for soft and hard magnetic solutions alongside our loyal partners and customers. In addition, we will accelerate work towards building our rare earths value chain, pursuing a range of strategic growth opportunities to establish a robust supply chain for EV manufacturing in the Western World," Erik Eschen, Vacuumschmelze CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.