# Syntagma Capital to acquire Erasteel from Eramet

Syntagma Capital has entered exclusive negotiations to acquire Erasteel, the high-speed steels and recycling division of Eramet. The transaction is expected to close by the end of the first half of 2023.

- Type: Acquisition
- Announced: 2023-02-22
- Status: announced
- Products: high-speed steels, metal recycling services
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ERASTEEL](https://endata.com/companies/24243.md) (target)
- [ERAMET](https://endata.com/companies/24244.md) (target)
- [Syntagma Capital](https://endata.com/companies/68722.md) (acquirer)

## Sources

- [business.woonsocketcall.com](https://business.woonsocketcall.com/observerreporter/article/bizwire-2023-2-22-syntagma-capital-enters-into-exclusive-negotiations-to-acquire-erasteel-the-high-speed-steels-and-recycling-division-of-eramet-sa-euronext-paris-era), 2023-02-22: "We are excited by the prospect to further develop Erasteel on a global basis."
- [businesswire.com](https://www.businesswire.com/news/home/20230222005754/en/SYNTAGMA-CAPITAL-enters-into-exclusive-negotiations-to-acquire-Erasteel-the-high-speed-steels-and-recycling-division-of-Eramet-S.A.-Euronext-Paris-ERA), 2023-02-22: "We are excited by the prospect to further develop Erasteel on a global basis."

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