# Sumitomo Electric acquires Sinterwerke Herne and Sinterwerke Grenchen

Sumitomo Electric Industries acquired 100% of the shares of Sinterwerke Herne GmbH (Germany) and Sinterwerke Grenchen AG (Switzerland) from Sinterwerke Holding GmbH on May 9, 2019, to expand its powder metal products business in Europe.

- Type: Acquisition
- Announced: 2019-05-01
- Where: North Rhine-Westphalia, Germany; Canton of Solothurn, Switzerland, Germany
- Jobs: 400
- Status: completed
- Products: powdered metal machine components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Sumitomo Electric Industries](https://endata.com/companies/16532.md) (acquirer)
- [Sinterwerke Herne GmbH](https://endata.com/companies/39210.md) (target)
- [Sinterwerke Grenchen AG](https://endata.com/companies/39211.md) (target)
- [Sinterwerke Holding GmbH](https://endata.com/companies/39212.md) (partner)

## Sources

- [global-sei.com](https://global-sei.com/company/press/2019/05/prs041.html), 2019-05-01: "Sumitomo Electric Industries, Ltd. has acquired the European manufacturer of powdered metal components Sinterwerke Herne GmbH and Sinterwerke Grenchen AG."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5249971/sumitomo-electric-acquires-two-european-companies-of-powdered-metal-parts-maker-sinterwerke-group-), 2019-05-24: "Acquisitions will help the company expand its presence in Europe"
- [metal-powder.tech](https://www.metal-powder.tech/sumitomo-electric-industries-acquires-european-pm-companies-from-sinterwerke-group/), 2019-05-28: "SEI stated that its latest acquisitions will help to expand its sales channels to include European automakers and components manufacturers"

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