Mergers & Acquisitions ·
The Elmet Group Co., through its subsidiary Elmet Technologies LLC, entered into an Asset Purchase Agreement with…
ELMTElmet Group Co.
The Elmet Group Co., through its subsidiary Elmet Technologies LLC, entered into an Asset Purchase Agreement with OSRAM GmbH to acquire substantially all assets of the Seller’s metal production operations in Schwabmünchen, Germany. The transaction involves purchasing tungsten and molybdenum manufacturing capabilities, including metal powders, rods, wire, and electrodes, while assuming certain employee and pension liabilities. The purchase price is subject to adjustment based on a formula starting with negative €18 million, plus pension assets, minus defined benefit obligations, minus a €1 million restructuring prepayment, and working capital adjustments against a €3.875 million target. A vendor loan of €2.5 million will be provided by the Seller at closing. The Company expects to close in the first quarter of fiscal 2027, subject to regulatory approvals and other conditions. The Elmet Group Co. operates as a provider of precision-engineered components and advanced high-energy systems for aerospace, defense, industrial, medical, semiconductor, and energy industries.