Sev.en Global Investments acquires Celsa UK and Celsa Nordic

The company has signed an agreement with the Spanish sustainable steel company Celsa Group to acquire 100% of Celsa Steel UK and Celsa Nordic.

Celsa Group is focused on sustainable production of steel using recycled scrap in electric arc furnaces (EAFs).

Alan Svoboda, CEO of Sev.en Global Investments, commented: "We perceive the steel industry as vital for our growth trajectory, therefore we are thrilled to finalize this landmark agreement. This acquisition fortifies our position on the European market including the entry into the promising Scandinavian markets. Production of green steel also advances Sev.en GI clearly towards sustainability."

Celsa Steel UK is recognized as the largest steel recycling company in the UK. It operates a facility in Cardiff with an annual production capacity of 1.2Mt million tonnes of low-carbon construction steel. Utilizing advanced electric arc furnace technology that adheres to stringent environmental standards, the UK facility has one of the lowest carbon footprints in the industry.

In Scandinavia, Celsa Nordic is a premier steel producer operating in Norway, Finland, Sweden, and Denmark. The company boasts a fully integrated production chain encompassing scrap metal collection, processing, and manufacturing of finished steel products tailored for the construction sector. Powered by renewable hydro energy, Celsa Nordic’s sustainable operations are particularly appealing to ESG-focused clients and projects.

According to Svoboda, "Both facilities are technologically advanced and well-established European leaders in green steel production. We are eager to collaborate closely with both management teams and other stakeholders to further develop these assets and unlock their long-term potential. We are constantly on the lookout for new growth opportunities in all our focus industries worldwide. I am happy that the steel industry is now part of our core portfolio."