The acquisition will help voestalpine to expand its product portfolio, particularly in the semi and fully automated high-quality welding technology sector, as well as enhance their value chain.
May 21, 2024
Austrian steelmaker voestalpine, through its subsidiary voestalpine Böhler Welding, has acquired a majority stake in the premium welding wire manufacturer ITALFIL S.p.A.
The company said in a statement that the acquisition would expand its product portfolio, particularly in the semi and fully automated high-quality welding technology sector.
It said that voestalpine Böhler Welding, a leading global company in the field of welding technology, has set new standards worldwide for standard and special welding processes.
As a full-range supplier of welding solutions, the Metal Engineering Division of voestalpine AG offered a unique portfolio of services, welding consumables, accessories, and welding equipment.
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The Italy-based company currently has 110 employees and achieved an annual turnover of EUR 43 million in the past business year, it added.
“This acquisition brings us a significant step closer to our strategic goal of providing our customers with holistic solutions in the field of welding technology. By supplying ITALFIL S.p.A. with high-quality wire rod from our steel production in the future, we are also enhancing our value chain,” said Mr. Franz Kainersdorfer, Member of the Management Board of voestalpine AG and Head of the Metal Engineering Division.
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Mr Kainersdorfer further said, “With more than 100 years of experience, voestalpine Böhler Welding, as a business unit of the voestalpine steel and technology Group, has significantly influenced the development of welding technology and set new standards with its innovative solutions.
“The company plays a leading role worldwide, ensuring the best results (The Perfect Weld Seam) for the most demanding applications in many industries thanks to its comprehensive product portfolio, welding expertise and global orientation as a complete solution provider. This focus is centered on its three areas of expertise: voestalpine Böhler Welding for joint welding, UTP for wear and corrosion protection and Fontargen Brazing for brazing,” he added.
