# Sanyo Special Steel completes acquisition of Ovako

Sanyo Special Steel's acquisition of Ovako has been completed. Nippon Steel & Sumitomo Metal Corporation increased its ownership in Sanyo Special Steel, making it a majority-owned subsidiary.

- Type: Acquisition
- Announced: 2019-03-16
- Where: Sweden
- Status: completed
- Products: specialty steel bars, seamless tubes, bearing steel, tool steel, metal powder
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Nippon Steel & Sumitomo Metal](https://endata.com/companies/21793.md) (investor)
- [Ovako AB](https://endata.com/companies/32336.md) (target)
- [Sanyo Special Steel](https://endata.com/companies/33530.md) (acquirer)

## Sources

- [bearing-news.com](https://www.bearing-news.com/sanyo-special-steels-acquisition-of-ovako-completed/), 2019-03-16: "Sanyo Special Steel’s acquisition of Ovako has been completed as planned."

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