Speciality steel supplier INTECO Holding has acquired 100% of the shares of mechanical and plant engineers, Plakoma.
The acquisition will bring together two European companies with over 50 years of experience each in the steel industry.
Harald Holzburger, CEO of INTECO Group, said: "The acquisition of PLAKOMA marks an important milestone in the continued development of our Group. Together, we will combine our strengths, learn from one another, and create new opportunities for our customers, employees, and business partners.”
The combination of INTECO’s metallurgical and technological expertise with Plakoma’s manufacturing capabilities and rolling mill know-how, is set to create new opportunities across the steel production value chain.
In a post on its website, Plakoma added: “For our customers, PLAKOMA remains the reliable partner they have known for decades. At the same time, they will benefit in the future from the expanded opportunities of an internationally successful corporate group.
“We thank our employees, customers and business partners for their trust and look forward to writing the next chapter of our company history together with INTECO.”
