# Salzgitter to fully acquire HKM from thyssenkrupp and Vallourec

Salzgitter AG will wholly acquire joint venture HKM from co-owners thyssenkrupp Steel and Vallourec. The deal includes plans to cut about 2,000 jobs and reduce crude steel production to 2 million metric tons per year by end of 2028.

- Type: Acquisition
- Announced: 2026-07-09
- Where: Duisburg, Germany
- Jobs: -2,000
- Status: announced
- Capacity: 2 million metric tons per year
- Products: crude steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Vallourec](https://endata.com/companies/335.md) (partner)
- [Vallourec](https://endata.com/companies/335.md) (target)
- [thyssenkrupp Steel Europe](https://endata.com/companies/8018.md) (partner)
- [Salzgitter](https://endata.com/companies/29655.md) (acquirer)
- [thyssenkrupp Steel](https://endata.com/companies/34054.md) (target)
- [Hüttenwerke Krupp Mannesmann](https://endata.com/companies/86327.md) (target)
- [HKM](https://endata.com/companies/92943.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/news/salzgitter-to-acquire-hkm-cut-around-2-000-jobs-ce7f5ed9d088f020), 2026-07-09: "Without these painful job cuts, Salzgitter AG would not have been able to complete the acquisition on its own."
- [thyssenkrupp-steel.com](https://www.thyssenkrupp-steel.com/en/newsroom/press-releases/salzgitter-ag-acquiring-100-percent-of-hkm.html), 2026-07-09: "Without these painful job cuts, Salzgitter AG would not have been able to complete the acquisition on its own."
- [akm.ru](https://www.akm.ru/eng/news/german-salzgitter-becomes-the-sole-owner-of-hkm/), 2026-08-13: "German steel company Salzgitter AG has entered into a definitive agreement to acquire 100% of the shares of Hüttenwerke Krupp Mannesmann (HKM) following the decision of thyssenkrupp Steel Europe and Vallourec S.A to withdraw from the joint venture."

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