# Outokumpu signs deal to acquire Fagersta Stainless wire rod mill from Sandvik

Outokumpu signed an agreement to purchase full ownership of Fagersta Stainless wire rod mill in Sweden from Sandvik for €18 million. Outokumpu's ownership will increase to 90% by end of June 2018 and 100% by end of 2019.

- Type: Acquisition
- Announced: 2018-05-15
- Where: Fagersta, Sweden, Sweden
- Value: $21.0M (18.0M EUR)
- Status: announced
- Products: special stainless steel wire rod
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Sandvik](https://endata.com/companies/6190.md) (target)
- [Outokumpu](https://endata.com/companies/21491.md) (acquirer)
- [Fagersta Stainless](https://endata.com/companies/31882.md) (target)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/outokumpu-inks-deal-to-acquire-fagersta-stainless-wire-rod-mill-in-sweden-1038951.htm), 2018-05-15: "Outokumpu has announced that it has signed an agreement with Swedish high-technology engineering and steelmaking group Sandvik to purchase full ownership of its Fagersta Stainless wire rod mill in Sweden."

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