Aperam schließt die Übernahme von ELG ab, einem weltweit führenden Unternehmen für das Recycling von Edelstahl und Superlegierungen

On December 27, 2021, Aperam announced the completion of the acquisition of ELG, a  global leader in stainless steel and superalloys recycling.

Placing the circular economy at the core of Aperam’s growth strategy

• All necessary regulatory approvals required for the acquisition of ELG have been obtained, without conditions
• With the acquisition of ELG, Aperam places the circular economy at the core of its growth strategy
• About 30% of Aperam’s total workforce will create value from working in renewable and recycling upstream
• Aperam acquired ELG for an enterprise value of EUR 357 million (Equity value EUR 30 million)
• Total minimum synergies of EUR 24 million within next three years with additional improvement potential
• Consolidation of ELG into Aperam Group as from 31.12.2021
• A new reportable segment Recycling to be created consisting of ELG and Recyco

Useful Links

• Read the Press Release: EN / FR
• Read the Analyst Slides: Link
• Watch the comments made by our Management: Link