# Nippon Steel completes acquisition of Ovako Group

Nippon Steel & Sumitomo Metal Corp. completed its takeover of Ovako Group, a Swedish steelmaker and forger, from private-equity fund Triton. The value was not disclosed.

- Type: Acquisition
- Announced: 2018-08-08
- Where: Sweden
- Status: completed
- Products: specialty steel, rolled rings, forged rings
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Triton](https://endata.com/companies/1769.md) (partner)
- [Nippon Steel & Sumitomo Metal](https://endata.com/companies/21793.md) (acquirer)
- [Ovako AB](https://endata.com/companies/32336.md) (target)

## Sources

- [newequipment.com](https://www.newequipment.com/metal-forming/article/21924206/nippon-steel-completes-ovako-purchase), 2018-08-08: "We are very pleased to now fully begin our journey as part of NSSMC."
- [stainless-steel-focus.com](https://www.stainless-steel-focus.com/2018/09/13/nssmc-to-acquire-ovako-group-from-triton/), 2018-09-13: "Nippon Steel & Sumitomo Metal Corporation (NSSMC), one of the world’s largest steel producers, has signed an agreement with funds advised by Triton to acquire 100% of Ovako Group."

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