M&A Deal Summary

Voestalpine Acquires Summo

On July 21, 2016, Voestalpine acquired automotive company Summo

Acquisition Highlights
  • This is Voestalpine’s 6th transaction in the Automotive sector.
  • This is Voestalpine’s 1st transaction in Canada.
  • This is Voestalpine’s 1st transaction in Ontario.

M&A Deal Summary

Date 2016-07-21
Target Summo
Sector Automotive
Buyer(s) Voestalpine
Deal Type Add-on Acquisition

Target

Summo

Burlington, Ontario, Canada
Summo Corp. is a manufacturer of tubular components and assemblies for the automotive industry.

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Buyer(S) 1

Buyer

Voestalpine

Linz, Austria

Category Company
Sector Metals/Mining
Employees49,082
Revenue 16.7B EUR (2024)
DESCRIPTION

Voestalpine processes, develops, manufactures, and sells steel products. Voestalpine is based in Linz, Austria.


DEAL STATS #
Overall 17 of 18
Sector (Automotive) 6 of 6
Type (Add-on Acquisition) 10 of 11
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-22 Rail Service Nederland BV

Broek op Langedijk, Netherlands

Rail Service Nederland BV is a manufacturer of reliable and innovative superstructure products and exchange systems for railways, tram and subway lines. Company can produce up to 1,800 different types of drive rod, making it unique on the Dutch market and covering all market requirements. The RSN turnout drive is more developed than the standard drives used by the Dutch railways, thereby opening up excellent market opportunities for the future.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-07 Italfil

Gazzo Padovano, Italy

Italfil produces welding wires and rods with MIG/MAG, TIG, GAS, and SAW processes. Italfil was formed in 1978 and is based in Gazzo Padovano, Italy.

Buy -