Mutares completes acquisition of Buderus Edelstahl
BERLIN: Mutares SE & Co. KGaA has finalized the acquisition of Buderus Edelstahl GmbH from voestalpine AG. The acquisition will enhance Mutares’ Engineering & Technology segment as a new platform investment.
Founded in 1731, Buderus Edelstahl GmbH specializes in high-quality special steels, including tool steel, engineering steel, open-die forgings, closed-die forgings, hot-rolled strip, cold-rolled strip, and rolled semi-finished products. The company boasts a market-leading position in tool steel and engineering steel, recognized for its premium high-quality products.
Buderus serves a diverse portfolio of around 350 active customers across industries such as light vehicles, mechanical engineering, the truck industry, and wind power. The company, which employs around 1,100 workers, generated approximately €360 million in revenue during the 2023/2024 fiscal year. Buderus operates a highly industrialized production site in Wetzlar, Germany, with a maximum annual finishing capacity of around 360 kilotons.
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