# Elcowire to acquire KME's rod and wire assets in Hettstedt, Germany

Elcowire has signed an agreement to acquire KME's rod and wire assets and business in Hettstedt, Germany, including around 180 employees. The deal will double Elcowire's copper rod capacity to 300,000 metric tons per year.

- Type: Acquisition
- Announced: 2022-01-03
- Where: Hettstedt, Germany
- Jobs: 180
- Status: announced
- Capacity: 300,000 metric tons per year of copper rod
- Products: copper rod, wire, strand
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [KME Group](https://endata.com/companies/11552.md) (target)
- [Elcowire Group](https://endata.com/companies/34561.md) (acquirer)

## Sources

- [wirenet.org](https://wirenet.org/industry-news/elcowire-to-acquire-kmes-rod-wire-assets-in-germany-deal-will-double-its-capacity/), 2022-01-04: "Elcowire has signed an agreement to acquire KME’s rod and wire assets and business in Hettstedt, Germany, including around 180 employees."

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