Tata Steel has acquired two strip products service centres in Sweden and Finland from SSAB, along with the remaining stake in a Norwegian service centre, enhancing its operational capabilities in the Nordic region.

Information on the Target

Tata Steel has successfully finalized its acquisition from SSAB of Sweden, which includes two service centres located in Halmstad, Sweden, and Naantali, Finland. Additionally, Tata Steel has secured the remaining 50% stake in Norsk Stål Tynnplater AS, a strip products service centre situated in Frederikstad, Norway, of which it already owned half. Collectively, these three service centres employ approximately 180 professionals who will now be integrated into Tata Steel's operations.

These service facilities primarily focus on strip products and provide essential services such as cutting-to-length, slitting, and recoiling. They cater to various sectors, including automotive, construction, and electrical supplies, in addition to supporting both heavy and light engineering industries.

Industry Overview in the Target's Specific Country

The Nordic region, particularly Sweden and Finland, has witnessed a growing demand for advanced steel products due to its robust industrial base. Key industries such as automotive and construction are continuously evolving, with innovati