Elmet Group to Acquire ams OSRAM's German Tungsten Operations, Entering EU Market
ELMT sits 33% above its 52-week low of $12.485.
Summary
Elmet Group signed a definitive agreement to acquire ams OSRAM's tungsten and molybdenum manufacturing operations in Schwabmünchen, Germany, establishing its first EU production base for refractory metals. The deal, expected to close in Q1 2027, adds a fully integrated site with 26,800 sqm of production area and over 3,500 products, serving defense, fusion, semiconductor, and industrial customers. This follows Elmet's recent IPO and strong Q2 results, advancing its stated post-IPO goal of European expansion. The acquisition provides a local-for-local supply chain for EU critical materials, addressing sovereignty requirements in defense and fusion. Watch for regulatory approvals and transition milestones leading to the Q1 2027 closing.
At the time of this announcement, ELMT was trading at $16.65 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $511.1M. The 52-week trading range was $12.49 to $22.51. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.