voestalpine acquires Swiss bright steel specialist and strengthens market position in the high-tech niche segments of the watch industry and medical technology

The voestalpine Group's High Performance Metals Division focuses on the production and processing of high-performance materials and customer-specific services such as heat treatment, high-tech surface treatment and additive manufacturing processes with increasing use of digital technologies. It offers its customers material availability and processing as well as local contacts through its unique sales and service network at around 140 locations worldwide. The division is the global market leader in tool steel and one of the leading suppliers of high-speed steels, valve steels and other products made from special steels, powder materials, nickel-based alloys, titanium and, if required, ready-to-install components based on additive manufacturing technologies. The division has set itself the goal of integrating all aspects of sustainability into its daily work. The most important customer segments are the automotive supply industry, oil and gas exploration, mechanical engineering, the consumer goods industry and aviation. In the 2022/23 financial year, the division generated sales of EUR 3.8 billion, of which around 50% was generated outside Europe, an operating result (EBITDA) of EUR 562 million and employed around 13,700 people worldwide.

voestalpine is a globally leading steel and technology group with a unique combination of materials and processing expertise. voestalpine, which operates globally, has around 500 Group companies and locations in more than 50 countries on all five continents. It has been listed on the Vienna Stock Exchange since 1995. With its premium products and system solutions, voestalpine is a leading partner to the automotive and consumer goods industries, as well as to the aerospace and oil & natural gas industries. The company is also the global market leader in railway systems, tool steel, and special sections. voestalpine is committed to the global climate goals and has a clear plan for decarbonizing steel production with its greentec steel program. In the business year 2021/22, the Group generated revenue of EUR 14.9 billion, with an operating result (EBITDA) of EUR 2.3 billion; it has around 50,200 employees worldwide.