KME acquires MKM

Osnabrück, 28th February 2019 – Following up to its press releases issued on 7th July and 11th December 2018, KME SE[1] informs that it has executed the agreement signed on 6th July 2018 with European Acquisition Midco Limited, after fulfillment of the conditions precedent envisaged therein, and has therefore attained the acquisition of 100% indirect interest in MKM Mansfelder Kupfer und Messing GmbH (“MKM”), another major player in the European copper and copper alloys market.

 

The acquisition price has been equal to € 80 million and European Acquisition Midco Limited has become owner of a 1% shareholding in KME SE.

 

[1] With effectiveness from 22nd February 2019 KME AG has modified its company name in KME SE as a consequence of its conversion in European Company.

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About KME:

With production facilities in Europe, Asia and the USA, KME SE is one of the world's largest manufacturers of copper and copper alloy products for innovative and intelligent product solutions. Sales are carried out via a worldwide sales network, tailored to the individual requirements of each customer. KME SE, owned by IntekGroup Spa, is managed by an European executive team. KME Mansfeld GmbH plays a significant role in KME's technological leadership in copper and brass semi-finished products. KME manufactures a comprehensive portfolio of wires, strips, tubes, rods and sheets at its Hettstedt site.