Mutares Completes Acquisition of Buderus Edelstahl GmbH

Mutares SE & Co. KGaA has finalized the acquisition of the business of Buderus Edelstahl GmbH from voestalpine AG. This move aims to bolster Mutares' Engineering & Technology segment through a new platform investment. Buderus, a well-established manufacturer since 1731, specializes in high-quality special steels, catering to a diverse customer base across several industries, including automotive and engineering.

Buderus recorded approximately EUR 360 million in revenues during the fiscal year 2023/2024. Operating out of Wetzlar, Germany, the company employs around 1,100 people and maintains a strong market presence in tool and engineering steels. The acquisition is expected to enhance Mutares' strategic position and operational capabilities within the sector.