# Marine Metals merges with Marine Steel and secures funding

Marine Metals BV (Netherlands) and Marine Steel BV (Belgium) completed a strategic merger, with new funding from Sojitz Corporation, Jansen Recycling Group, SPDG, and Victrix, to scale ship recycling technology.

- Type: Acquisition
- Announced: 2025-10-13
- Status: completed
- Products: ship recycling technology
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Marine Metals](https://endata.com/companies/87819.md)
- [Sojitz Corporation](https://endata.com/companies/22549.md) (investor)
- [Marine Steel](https://endata.com/companies/87820.md) (target)
- [Jansen Recycling Group](https://endata.com/companies/87821.md) (investor)
- [SPDG](https://endata.com/companies/87822.md) (investor)
- [Victrix](https://endata.com/companies/87823.md) (investor)

## Sources

- [greensteelworld.com](https://greensteelworld.com/marine-metals-completes-strategic-merger-and-funding-for-ship-recycling-technology), 2025-10-13: "Marine Metals has completed a strategic merger between Marine Metals BV (Netherlands) and Marine Steel BV (Belgium), simultaneously securing new funding and converting prior investment instruments to equity."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.