# Cosmos Aluminium to absorb ETEM in merger deal

Cosmos Aluminium signed final documents on December 27, 2022 to absorb ETEM, with ELVALHALCOR (owner of ETEM) receiving a 15% minority stake in Cosmos Aluminium. The merged entity is expected to have over €300 million in revenue and over 70,000 tonnes of production capacity.

- Type: Acquisition
- Announced: 2022-12-27
- Where: Larissa, Greece
- Status: announced
- Capacity: over 70,000 tonnes per year
- Products: aluminum profiles
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ElvalHalcor](https://endata.com/companies/30069.md) (investor)
- [Etem Group](https://endata.com/companies/53502.md) (target)
- [Cosmos Aluminium](https://endata.com/companies/63296.md) (acquirer)

## Sources

- [alunet.gr](https://www.alunet.gr/2022/12/23551v), 2022-12-28: "Υπογράφηκαν στις 27/12/2022 τα τελικά έγγραφα προκειμένου να υλοποιηθεί η Συμφωνία Στρατηγικής Συνεργασίας, δηλαδή η συγχώνευση με απορρόφηση της ΕΤΕΜ από την COSMOS ALUMINIUM."
- [koutalidis.gr](https://www.koutalidis.gr/koutalidis-law-firm-advised-etem-s-a-and-elvalhalcor-s-a/), 2022-12-30: "The envisaged transaction involves the absorption of ETEM by COSMOS ALUMINIUM, resulting in the creation of a robust company in the field of aluminium extrusion"

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