The Elmet Group Co. Signs Agreement to Acquire ams OSRAM Schwabmünchen Metal Production Operations, Establishing European Manufacturing Footprint for Tungsten and Molybdenum Components
Elmet (NASDAQ: ELMT) signed a definitive agreement under which its newly formed German subsidiary, Elmet Technologies GmbH, will acquire the assets of ams OSRAM's tungsten and molybdenum manufacturing operations in Schwabmünchen, Bavaria, with closing expected in the first quarter of 2027. The deal establishes Elmet's first manufacturing footprint in the European Union for refractory metals. The Schwabmünchen site has operated since 1961 across roughly 26,800 square meters, producing more than 3,500 tungsten and molybdenum products from powder formation through pressing, sintering, drawing, and finishing.
Key figures
- Expected closing
- Q1 2027
- Products at site
- 3,500+
- Production area sqm
- 26800
- Site operating since
- 1961
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