# Euro Steel acquires Valmont SM from Valmont Industries

Danish steel company Euro Steel has acquired Valmont SM, a tower manufacturer based in Rødekro, Denmark, from Valmont Industries Inc. The company will be renamed SM Industries A/S. The acquisition is expected to close in Q4 2022.

- Type: Acquisition
- Announced: 2022-11-15
- Where: Rødekro, Aabenraa Municipality, Denmark
- Jobs: 450
- Status: announced
- Products: towers, steel profiles
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Valmont Industries](https://endata.com/companies/37084.md) (partner)
- [Valmont SM](https://endata.com/companies/61988.md) (target)
- [Euro Steel](https://endata.com/companies/66648.md) (acquirer)

## Sources

- [tekniq.dk](https://www.tekniq.dk/nyheder/valmont-sm-faar-dansk-ejer-fra-staalindustrien/), 2022-11-15: "Med en dansk industriel ejer bliver vores position i energimarkedet styrket."

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