# Worthington Steel to acquire controlling stake in Italy-based Sitem Group

Worthington Steel, through its subsidiary Tempel Steel Company, has agreed to acquire an approximately 52% stake in Italy-based Sitem Group, a producer of electric motor laminations. The transaction is expected to close in early 2025.

- Type: Acquisition
- Announced: 2024-12-01
- Where: Trevi, Italy, Italy
- Status: announced
- Products: electric motor laminations
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Worthington Steel](https://endata.com/companies/37823.md) (acquirer)
- [Tempel Steel Company](https://endata.com/companies/58339.md) (acquirer)
- [Sitem Group](https://endata.com/companies/81450.md) (target)
- [Stanzwerk AG](https://endata.com/companies/83346.md) (target)
- [Decoup S.A.S.](https://endata.com/companies/83347.md) (target)
- [Sitem Slovakia spol. s r.o.](https://endata.com/companies/83348.md) (target)

## Sources

- [tempel.com](https://www.tempel.com/en/resources/worthington-steel-to-acquire-controlling-equity-stake-in-italy-based-sitem-group), 2024-12-02: "This investment aligns with our strategic goal to grow our electrical steel lamination business and expand our customer reach."
- [electricmotorengineering.com](https://www.electricmotorengineering.com/worthington-steel-to-acquire-controlling-equity-stake-in-italy-based-sitem-group/), 2025-02-15: "Worthington Steel, Inc. announced last December that it has reached an agreement to acquire through its subsidiary, Tempel Steel Company, LLC, a controlling equity stake in Italy-based Sitem S.p.A."
- [electricmotorengineering.com](https://www.electricmotorengineering.com/worthington-steel-and-sitem-group-a-partnership-in-the-name-of-laminations-for-motors/), 2025-03-06: "This investment aligns with our strategic goal to grow our electrical steel lamination business and expand our customer reach."

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