# Europlasma's bid to acquire MG-Valdunes approved by court

The Commercial Court of Lille-Métropole has validated Europlasma's offer to acquire MG-Valdunes, the last French manufacturer of railway wheels and axles. The plan includes preserving nearly 60% of jobs and a turnaround plan of over €35 million over three years.

- Type: Acquisition
- Announced: 2024-03-20
- Where: Leffrinckoucke and Trith-Saint-Léger, France
- Value: $38.0M (35.0M EUR)
- Status: announced
- Products: railway wheels, axles
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Europlasma](https://endata.com/companies/60530.md) (acquirer)
- [MG-Valdunes](https://endata.com/companies/76323.md) (target)

## Sources

- [bourse.lavenir.net](https://bourse.lavenir.net/communiques/ALEUP-FR/europlasma-loffre-de-reprise-de-mg-valdunes-par-europlasma-validee-par-le-tribunal-de-commerce-de-lille-metropole-5EgMuz8b00p), 2024-03-20: "Europlasma, spécialiste du traitement des déchets dangereux, de la valorisation matière et de la décarbonation, annonce que son offre de reprise de MG-Valdunes, dernier fabricant français de roues et d’essieux pour l’industrie ferroviaire, a été validée ce jour par le Tribunal de commerce de Lille-M"

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