KME acquires MKM

Osnabrück, 28th February 2019 – Following up to its press releases issued on 7th July and 11th December 2018, KME SE[1] informs that it has executed the agreement signed on 6th July 2018 with European Acquisition Midco Limited, after fulfillment of the conditions precedent envisaged therein, and has therefore attained the acquisition of 100% indirect interest in MKM Mansfelder Kupfer und Messing GmbH (“MKM”), another major player in the European copper and copper alloys market.

 

The acquisition price has been equal to € 80 million and European Acquisition Midco Limited has become owner of a 1% shareholding in KME SE.

 

[1] With effectiveness from 22nd February 2019 KME AG has modified its company name in KME SE as a consequence of its conversion in European Company.

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About MKM:

MKM is a global technology leader for copper and brass semis. The company has invested more than EUR 400 million since 1997. As a unique manufacturer in the world, MKM offers wire, strips, tubes, rods and sheets from a single source. In the past year, MKM processed more than 270,000 tons with a workforce of some 1,100 employees. Approximately 1,000 customers from 60 countries spread across the globe rely on MKM. This positions MKM as the global leader in the electronics and construction industry, the solar sector, plant engineering, the automotive industry, as well as the aerospace sector and in telecommunications.