Kloeckner Metals Germany to acquire Ambo Stahl Gesellschaft Gerhard Sevenich.

Kloeckner Metals Germany, a leading steel and metal processor in Germany, agreed to acquire Ambo-Stahl Gesellschaft Gerhard Sevenich, a specialist processor of wear-resistant and high-strength specialty steels. Financial terms were not disclosed. "With the acquisition of Ambo-Stahl, we are expanding our offering as a technology partner to our customers, particularly in the area of ​​high-quality processing services for the defense and infrastructure sectors. In doing so, we are also fulfilling our responsibility as a company in light of Europe's 'turning point' – by supporting our customers in the defense industry, but also in the infrastructure sector, in building strong value chains. Through targeted investments and the pooling of expertise, we are contributing to strengthening Europe's defense capabilities and accelerating infrastructure development." Felix Schmitz, Kloeckner Metals Germany CEO.