M&A Deal Summary

AG Acquires Bekaert - Steel Wire Solutions Businesses

On February 28, 2025, AG acquired metals/mining company Bekaert - Steel Wire Solutions Businesses from Bekaert for 73M USD

Acquisition Highlights
  • This is AG’s 1st transaction in the Metals/Mining sector.
  • This is AG’s largest (disclosed) transaction.
  • This is AG’s 1st transaction in Belgium.

M&A Deal Summary

Date 2025-02-28
Target Bekaert - Steel Wire Solutions Businesses
Sector Metals/Mining
Buyer(s) AG
Sellers(s) Bekaert
Deal Type Divestiture
Deal Value 73M USD

Target

Bekaert - Steel Wire Solutions Businesses

Zwevegem, Belgium
Bekaert's Steel Wire Solutions Businesses offers steel wire transformation and coatings solutions. Bekaert's Steel Wire Solutions Businesses is based in Zwevegem, Belguim.

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Buyer(S) 1

Buyer

AG

Guatemala City, Guatemala

Category Company
Founded 1953
Sector Metals/Mining
DESCRIPTION

AG provides manufacturing and distribution of steel products. AG was founded in 1953 and is based in Guatemala City, Guatemala.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Belgium) 1 of 1
Year (2025) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Bekaert

Zwevegem, Belgium

Category Company
Founded 1880
Sector Metals/Mining
Employees23,332
Revenue 4.3B EUR (2023)
DESCRIPTION

Bekaert is a market and technology provider in steel wire transformation and coatings. Improving both the bulk and surface properties of steel wire products. Bekaert was incorporated in 1880 and is based in Zwevegem, Belgium.


DEAL STATS #
Overall 4 of 4
Sector (Metals/Mining) 2 of 2
Type (Divestiture) 2 of 2
Country (Belgium) 3 of 3
Year (2025) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 Bekaert - Global Ropes And Advanced Cords Businesses

Zwevegem, Belgium

Bekaert's Global Ropes And Advanced Cords Businesses is a supplier of advanced cords and ropes.

Sell -