KME Group SpA
Registered Office: 20121 Milan (MI) Foro Buonaparte, 44
Share Capital: Euro 200,154,177.66 fully paid-in Milan Company Register - Tax I.D. Nr. 00931330583 www itkgroup.it
PRESS RELEASE
KME SE: ACQUISITION OF SUNDWIGER MESSINGWERK GMBH
APPROVED BY GERMAN MERGER CONTROL AUTHORITY
Milan, 3rd December 2024 - KME Group S.p.A. announces that its subsidiary KME SE has obtained the approval by the relevant German merger control authority for the acquisition of 100% of the shares of Blackhawk Holding GmbH, a German managing holding company, owning 100% of Sundwiger Messingwerk GmbH ("Transaction").
The closing of the Transaction remains subject to approval by the Austrian merger control authority and is expected to occur in the first quarter of 2025.
The Transaction is part of KME group's strategy to strengthen its core business of rolled products in copper and copper alloys, in order to further develop its manufacturing know-how and product portfolio, with the aim of producing operational efficiencies and provide the best possible service to customers.
For further details on the Operation, please refer to the press release of 4 March 2024.
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The press release is available on the Company's website, www.itkgroup.it. Additional information may be directly requested from the Company (telephone number +39.02.806291; e.mail: info@itk.it) and through the "eMarket STORAGE" system at the address: www.emarketstorage.it.