# Coventry Group acquires Steelmasters Group for A$42M

ASX-listed industrial parts manufacturer Coventry Group has acquired Auckland-based Steelmasters Group for A$42 million, creating a Trans-Tasman business with forecast 2024 sales of A$400 million.

- Type: Acquisition
- Announced: 2024-04-15
- Where: Auckland, New Zealand
- Value: $27.0M (42.0M AUD)
- Status: completed
- Products: industrial parts
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Coventry Group](https://endata.com/companies/76820.md) (acquirer)
- [Steelmasters Group](https://endata.com/companies/76821.md) (target)

## Sources

- [nbr.co.nz](https://www.nbr.co.nz/investment/kiwi-steelmasters-acquiried-by-asx-listed-coventry-for-a42m/), 2024-04-15: "ASX-listed industrial parts manufacturer Coventry Group has announced an A$42 million ($45m) deal to acquire Auckland-based Steelmasters Group."

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