Eusider Group completed the acquisition of Profiltubi from AUCTUS.

Eusider Group, a steel service firm, completed the acquisition of Profiltubi, a steel company, from AUCTUS, a private equity firm. Financial terms were not disclosed. “I am really grateful – also on behalf of all Profiltubi and OMV employees – for this transaction with the Eusider Group, which will enable us to further develop significantly within the welded tube sector. As an experienced manager in the Italian steel industry, I was pleasantly surprised to find in AUCTUS not only a reliable and professional financial investor but also, and probably mostly, a partner with a clear and strong entrepreneurial mindset,” Giorgio Frigerio, Profiltubi CEO.