Paragon acquires a 55% stake in KME SPECIAL, a global leader in steel casting technology, aiming to enhance operational agility and support its growth strategy.
Target Company Overview
KME SPECIAL, headquartered in Osnabrück, Germany, is the global leader in steel casting technology. The company is expected to generate approximately €300 million in revenue this year. KME SPECIAL services a worldwide clientele with advanced products and services used in the extrusion of steel and other metals, including corrosion-resistant products for maritime applications and customized industrial solutions. The firm employs around 1,200 staff and operates 11 locations globally. Paragon, along with KME SE, will conduct the carve-out of KME SPECIAL from the KME Group while supporting its ambitious growth strategy.
Industry Overview in Germany
The metal casting industry in Germany plays a crucial role within Europe, known for its high precision and quality output. With a strong focus on technology and innovation, the sector has seen steady growth, driven by increasing demand for lightweight and durable materials across various industries, including automotive, aerospace, and renewable energy.
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Furthermore, Germany's metal industry is increasingly adopting sustainable practices and technologies in response to global energy transitions. This shift towards green
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