# UBE Corp to acquire LANXESS Urethane Systems business for EUR 460M

Japan's UBE Corp announced it will acquire the Urethane Systems business of Germany's LANXESS for about 460 million euros, expected to complete in the first half of 2025.

- Type: Acquisition
- Announced: 2024-03-10
- Where: Germany
- Value: $500.0M (460.0M EUR)
- Status: announced
- Products: urethane systems
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [LANXESS](https://endata.com/companies/15514.md) (target)
- [UBE Corporation](https://endata.com/companies/43908.md) (acquirer)

## Sources

- [stockopedia.com](https://www.stockopedia.com/share-prices/ube-TYO:4208/news/brief-japan-apos-s-ube-corp-to-acquire-germany-apos-s-lanxess-urethane-systems-business-for-about-460-million-euros-019e6daf-7c5d-77d0-8ae0-cd6f7a1c1ac6/), 2024-03-10: "UBE CORP - NOTICE REGARDING ACQUISITION OF LANXESS URETHANE SYSTEMS BUSINESS"

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