# Tibnor acquires Ovako Metals Oy Ab

Tibnor, a subsidiary of SSAB, received competition authority approval to acquire Ovako Metals Oy, the Finnish distribution entity of Ovako. The acquisition strengthens Tibnor's position in the Finnish steel and metal distribution market.

- Type: Acquisition
- Announced: 2026-04-17
- Where: Finland, 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

- [placera.se](https://www.placera.se/pressmeddelanden/ssab-tibnors-acquisition-of-ovako-metals-oy-ab-confirmed-20260417), 2026-04-17: "It is great that this transaction can now move forward."
- [mesteel.com](https://mesteel.com/news?category=mergers-acquisitions&page=2), 2026-05-04: "Tibnor, a leading steel and metals distributor in the Nordics and Baltics and a subsidiary of SSAB, is set to complete the acquisition of Ovako Metals Oy from Ovako after receiving approval from competition authorities."

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