Business
Αcquisition of a sixth production unit
Metlen Energy & Metals PLC has acquired NK Trailers, a dual-purpose industrial facility in Volos, for €10 million, with an additional €30-40 million allocated for refurbishment and new equipment. This acquisition marks the sixth production unit for Metlen's Defense M Technologies Hub in Volos, significantly expanding its capacity to serve multiple defense programs simultaneously. The company anticipates a doubling of turnover and operating profitability in 2026 for its defense arm, aligning with its strategic commitment to increase defense plant capacity to five by 2028-2030, a goal now surpassed with the addition of this sixth facility. This expansion is expected to create approximately 1,000 skilled jobs locally. Disclaimer*
About this update from Metlen Energy & Metals Plc
[{"type":"text","content":"\n\nPRESS RELEASE\nΑcquisition of a sixth (fully operational) production unit for defense and railway equipment is announced\n \n· The acquisition concerns the traditional industrial company NK Trailers, located in the Industrial Area of Volos\n· This will become the sixth production unit of the Defense M Technologies Hub in Volos\n \n \nAthens, Greece / London, United Kingdom - January 12, 2026 - METLEN through its M Technologies Sector, continues to dynamically expand its investments in Volos with the acquisition of the long-operating dual industrial facility of NK Trailers. The facility has developed significant expertise both in the production of defence systems and in railway wagons, a sector that will be called upon to meet major production challenges in the context of the modernization of the railway network, rolling stock, systems, etc.\n \nThe new unit includes the utilization of two modern steel industrial buildings, with a total surface area of approximately 26,900 sq.m., located within Volos Industrial Area B. The buildings have been constructed on two adjacent plots with a total area exceeding 47,000 sq.m. The total consideration for this investment amounts to €10 million, while partial refurbishment of the plant and new equipment are estimated at €30-40 million.\n \nAt full development, METLEN's M Technologies Hub in Volos will comprise the Nea Ionia Volos plant, the Servisteel facility in the A' Industrial Area of Volos, three additional standalone industrial complexes as already announced, and, with this new acquisition, a total of six independent factories capable of serving six different defence programmes simultaneously. The budget of M Technologies, the defense arm of METLEN's Metallurgy division - under which the M Technologies Volos Hub operates - already provides for a doubling of both turnover and operating profitability in 2026 compared to 2025, while a significant part of the required investments has already commenced.\n \nDuring the Capital Markets Day in London in April 2025, METLEN committed to shareholders, analysts and other stakeholders that the two defense plants in Volos would be increased in the medium term (by 2028-2030) to five, in order to meet the growing defense needs of the European and Greek industry.\n \nNine m...