# Worthington Steel to acquire 52% stake in Sitem Group

Worthington Steel, through its subsidiary Tempel Steel Company, will acquire a 52% stake in Italy's Sitem Group, a European leader in magnetic laminations and die-cast components for electric motors. The transaction value was not disclosed.

- Type: Acquisition
- Announced: 2025-01-20
- Where: Trevi, Perugia, Italy, Italy
- Status: announced
- Products: magnetic laminations, die-cast components for electric motors
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Automotive Components](https://endata.com/sectors/automotive-components.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)

## Sources

- [ilsole24ore.com](https://www.ilsole24ore.com/art/sitem-apre-capitale-worthington-steel-AGllN99B), 2025-01-20: "Questo investimento è in linea col nostro obiettivo strategico di ampliare l'attività di laminazione di acciaio elettrico e espandere la nostra base di clienti"

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