# Nippon Steel to make Sanyo Special Steel a subsidiary

Nippon Steel & Sumitomo Metal Corporation (NSSMC) and Sanyo Special Steel have agreed to integrate Sanyo Special Steel as a NSSMC subsidiary, with a target date of March 28, 2019. The deal includes Sanyo acquiring Triako Holdco AB, parent of Ovako, making Ovako a subsidiary of NSSMC.

- Type: Acquisition
- Announced: 2018-08-02
- Where: Japan
- Status: announced
- Products: special 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)
- [Sanyo Special Steel](https://endata.com/companies/33530.md) (target)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/sanyo-special-steel-to-become-a-subsidiary-of-nippon-steel-1051798.htm), 2018-08-02: "The companies seek to strengthen the technological capabilities, product develop and cost competitiveness of their special steel businesses."

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