The acquisition of the flat rolled products division of Aurubis positions the Wieland Group as a global partner for its customers
Partners signed binding term sheet
Acquisition will require approval of anti-trust authorities
Global business growth driven by digitalization, connectivity and mobility trends
Wieland and Aurubis signed a binding term sheet with the objective to integrate the global business unit Flat Rolled Products from Aurubis into to the Wieland Group. Following the completion of the sale and purchase agreement in the next few weeks, the proposed transaction will require clearance from several antitrust authorities.
Wieland strengthens its service offering for customers in the automotive and electronics industry
Investment in new slitting line
With an investment of EUR 6.5 million in a new slitting line at the Langenberg site (Germany), Wieland is expanding its finishing capacity and addressing the increasing demand for thin gauge strip of high-performance alloys and tinned materials.
With this investment, in close alignment with its customers growth plans, Wieland is further strengthening its position as a global service leader for thin gauge copper alloy strip in the automotive and electronics industry.
The Wieland Group establishes a JV for the marketing of brass nets and more for aquaculture
For the development and marketing of brass nets and cages, Wieland-Werke AG has formed the “BlueSea Technology AS” joint venture with Lerow AS in Norway. The partner has the respective know-how as well as longstanding experience in the field of aquaculture. Daniel Steitz, Wieland-Werke AG (60% JV), is the CEO, and Svein Jarle Midtøy, Lerow AS (40% JV), the COO of BlueSea Technology AS.