Mutares SE & Co. KGaA has acquired Buderus Edelstahl GmbH, a leading manufacturer of specialty steels, to enhance its Engineering & Technology segment.

Target Information

The Buderus Edelstahl GmbH, founded in 1731, is a renowned German manufacturer specializing in high-quality specialty steels, particularly in the realms of tool steel and stainless construction steel. The company is recognized for its expertise in producing various forged products, including open-die forgings, die forgings, hot-rolled strips, cold-rolled strips, and semi-finished products, catering to a diverse customer base globally.

Buderus holds a leading market position in the tool steel and stainless steel sectors, showcasing a strong portfolio of approximately 350 active customers from various industries such as lightweight vehicles, mechanical engineering, truck manufacturing, and wind energy. With approximately 1,100 employees, the company is projected to generate around EUR 360 million in revenue for the fiscal year 2023/2024. Buderus operates a highly industrialized production facility in Wetzlar, boasting an annual processing capacity of around 360 kilotons.

Industry Overview in Germany

The specialty steel industry in Germany plays a critical role in the overall manufacturing landscape, serving as a backbone for various sectors, including automotive, aerospace, and machinery. As a global leader in engineering, Germany's e