M&A Deal Summary

JSW Energy Acquires thyssenkrupp Electrical Steel India

On October 18, 2024, JSW Energy acquired metals/mining company thyssenkrupp Electrical Steel India from thyssenkrupp

Acquisition Highlights
  • This is JSW Energy’s 1st transaction in the Metals/Mining sector.
  • This is JSW Energy’s 2nd transaction in India.

M&A Deal Summary

Date 2024-10-18
Target thyssenkrupp Electrical Steel India
Sector Metals/Mining
Buyer(s) JSW Energy
Sellers(s) thyssenkrupp
Deal Type Divestiture

Target

thyssenkrupp Electrical Steel India

Maharashtra, India
thyssenkrupp Electrical Steel India is a manufacturer of grain-oriented electrical steel. thyssenkrupp Electrical Steel India is based in Maharashtra.

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Buyer(S) 1

Buyer

JSW Energy

Mumbai, India

Category Company
Founded 1994
Sector Utilities
Employees2,500
Revenue 114.9B INR (2024)
DESCRIPTION

JSW Energy is a provider of full-service integrated power company. JSW Energy was founded in 1994 and is based in Mumbai, India.


DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (India) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Himachal Baspa Power

Kandaghat, India

Himachal Baspa Power Co. Ltd. is a privately held company owns and operates hydro power plants.

Buy -

Seller(S) 1

SELLER

thyssenkrupp

Essen, Germany

Category Company
Founded 1811
Sector Diversified
Employees101,592
Revenue 37.5B EUR (2023)
DESCRIPTION

thyssenKrupp is a multinational conglomerate corporation operating two divisions Materials and Technologies. The Materials division produces carbon steel, and stainless steel, and as well as produces material services while the Technology Division focuses on elevator, plant and components technology, and marine solutions. thyssenKrupp was founded in 1811 and is based in Essen, Germany.


DEAL STATS #
Overall 12 of 12
Sector (Metals/Mining) 4 of 4
Type (Divestiture) 9 of 9
Country (India) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-27 TK Elevator

Düsseldorf, Germany

TK Elevator is a global provider of elevators, escalators, and other innovative passenger transportation solutions. TK Elevator is based in Dusseldorf, Germany.

Sell -