# Acerinox to acquire VDM Metals for €532M

Acerinox SA has reached an agreement to acquire VDM Metals Holding GmbH, a specialty alloys producer, for €532 million ($586.28 million). The transaction is expected to close by late Q1 2020.

- Type: Acquisition
- Announced: 2019-11-08
- Where: Germany
- Value: $586.3M (532.0M EUR)
- Status: announced
- Products: specialty alloys
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [VDM Metals](https://endata.com/companies/23936.md) (target)
- [Acerinox S.A.](https://endata.com/companies/27584.md) (acquirer)

## Sources

- [eurometal.net](https://eurometal.net/acerinox-set-to-buy-vdm-metals-boost-sales-in-troubled-market/), 2019-11-11: "Spain-based stainless steelmaker Acerinox SA said Friday it has reached an agreement to acquire VDM Metals Holding GmbH for Eur532 million ($586.28 million)."

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