# NSSMC completes acquisition of Ovako AB

Nippon Steel & Sumitomo Metal Corporation (NSSMC) completed the acquisition of all shares of European special steel maker Ovako AB, making it a wholly owned subsidiary on June 1, 2018. The deal was valued at an undisclosed amount.

- Type: Acquisition
- Announced: 2018-06-04
- Where: Sweden
- Status: completed
- Products: special steel, bearing steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Nippon Steel & Sumitomo Metal](https://endata.com/companies/21793.md) (acquirer)
- [Ovako AB](https://endata.com/companies/32336.md) (target)

## Sources

- [nipponsteel.com](https://www.nipponsteel.com/en/news/20180604_100.html), 2018-06-04: "NSSMC hereby announces that it has acquired whole of the shares of Ovako and made the company a wholly owned subsidiary on June 1st."

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