# Union Steel Holdings acquires Transvictory group for $15M

Union Steel Holdings, a Singapore metal recycling company, entered into an agreement to acquire the Transvictory group of companies (Transvictory Holdings, Transvictory Winch System, and Steadfast Offshore & Marine) for $15 million. This marks Union Steel's first foray into the offshore and marine industry.

- Type: Acquisition
- Announced: 2026-05-18
- Where: Singapore
- Value: $11.0M (15.0M SGD)
- Status: announced
- Products: winches, cranes, deck equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Union Steel Holdings](https://endata.com/companies/95388.md) (acquirer)
- [Transvictory Holdings](https://endata.com/companies/95389.md) (target)
- [Transvictory Winch System](https://endata.com/companies/95390.md) (target)
- [Steadfast Offshore & Marine](https://endata.com/companies/95391.md) (target)

## Sources

- [theedgemalaysia.com](https://theedgemalaysia.com/article/union-steel-makes-maiden-foray-offshore-and-marine-industry-transvictory-group-acquisition), 2026-11-09: "The agreement marks Union Steel’s first foray into the offshore and marine industry – through which the group intends to tap on the strength of Transvictory’s existing customer networks and relationships."

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