# Tibnor to acquire Ovako Metals Oy in Finland

Tibnor, a subsidiary of SSAB, has signed an agreement to acquire Ovako Metals Oy, a Finnish distributor of steel and metals. The acquisition is subject to regulatory approval and expected to close in Q1 2026.

- Type: Acquisition
- Announced: 2025-12-01
- Where: Finland
- Jobs: 40
- Status: announced
- Products: steel, metals
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [SSAB](https://endata.com/companies/1465.md) (partner)
- [Ovako AB](https://endata.com/companies/32336.md) (partner)
- [Tibnor](https://endata.com/companies/65749.md) (acquirer)
- [Ovako Metals Oy](https://endata.com/companies/88777.md) (target)

## Sources

- [ssab.com](https://www.ssab.com/en/news/2025/12/tibnor-signs-agreement-with-ovako-to-acquire-ovako-metals-oy-ab), 2025-12-01: "We are delighted to announce the acquisition of Ovako Metals Oy, which marks a natural continuation of the long-standing collaboration between Tibnor and Ovako."

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