on Salzgitter AG (ETR:SZG)
Salzgitter AG Expands Defense Portfolio with Thyrolf & Uhle Acquisition
Salzgitter AG has announced its strategic acquisition of Thyrolf & Uhle GmbH, a Dessau-based company specializing in steel construction and sheet metal processing. This acquisition aims to bolster Salzgitter's presence in the defense market, a sector experiencing growth due to changing geopolitical dynamics in Europe.
Thyrolf & Uhle, known for manufacturing steel components for ballistic protection, processes security steels in the 400, 450, 500, and 600 SECURE® grades. With over 12,000 tons of steel processed annually, it is recognized as an efficient specialist in its field.
The acquisition allows Salzgitter to enhance its offerings for infrastructure protection and civil and military vehicle construction. CEO Gunnar Groebler highlights this move as a significant step in strengthening the company's defense industry capabilities amidst geopolitical changes.
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