EQS-News: Salzgitter Group boosts defense portfolio and takes over Thyrolf & Uhle

• Traditional location in Dessau commands a high level of competence and expertise in steel construction, component construction and sheet metal processing
• Thyrolf & Uhle manufactures steel components for ballistic protection and supplies security steel in the 400, 450, 500 and 600 SECURE^® grades
• With the acquisition of the company with around 100 employees

Salzgitter AG is bolstering its portfolio in a growth market.

Salzgitter AG is expanding its portfolio in the future-oriented field of defense with the strategic acquisition of Thyrolf & Uhle GmbH ("Thyrolf & Uhle"), a medium-sized company rooted in a long tradition. At the company headquarters in Dessau-Roßlau, metal has been processed in all shapes and variations in connection with comprehensive materials expertise since 1859. Currently, around 100 qualified employees stand for high quality and expertise in steel construction, component construction and sheet metal processing. Over 12,000 tons of steel can be processed at the site each year, positioning Thyrolf & Uhle one of the most efficient specialists in its sector.

For the Salzgitter Group, the acquisition of Thyrolf & Uhle represents an expansion of expertise, as the company holds the necessary certifications for processing parts made of security steels in accordance with TL-2350-0000, as well as the manufacturer qualification as stipulated by DIN 2303 Q3 BK. Consequently, the growing defense market can now be better served.

Thyrolf & Uhle processes security steels in the 400, 450, 500 and 600 SECURE^® grades, among others, and ranks as one of the manufacturers of steel components and assemblies for infrastructure protection and for civil and military vehicle construction – which is becoming increasingly significant in Germany and Europe due to the geopolitical changes of recent years.

Thyrolf & Uhle offers all services relating to steel and component construction and thereby perfectly complements and rounds out Salzgitter AG's existing portfolio.

"This acquisition marks a further step in our active portfolio management involving targeted acquisitions in growth markets. Germany and Europe need an efficient defense industry with a qualified materials base in order to prevail in the face of geopolitical upheaval. This is precisely where we as Salzgitter AG are strengthening our offerings," says Gunnar Groebler, CEO of Salzgitter AG, emphasizing the importance of the acquisition.

The transaction is subject to the fulfillment of the agreed closing conditions, in particular official approvals. The two companies have agreed to not disclose the terms of the takeover.

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