Luxembourg April 1, 2026 (18:30 CEST) – Aperam S.A. (Aperam), a global player in stainless, electrical, alloys and specialty steel as well recycling and renewables, announces that it has acquired the Magnetec Group (Magnetec), a producer of nanocrystalline soft magnetic components. Magnetec Group was subject to preliminary insolvency proceedings. The transaction supports the continued development of Aperam’s Alloys & Specialties division by expanding its downstream activities and strengthening its position in electrical engineering and electronics markets globally.

Magnetec Group, founded in 1984 and headquartered in Hanau, Germany, operates a vertically integrated value chain for nanocrystalline ribbons and cores. The company serves Automotive, Energy, Safety and General Industry customers across Europe, Asia and the United States, with production facilities in Hungary, Moldova, Vietnam and China.

Sud Sivaji, CEO of Aperam, commented: “The acquisition of Magnetec represents an important strategic step in the continued development of our Alloys & Specialties division. It strengthens our position in high-growth electrical and electronic applications and expands our downstream capabilities in advanced magnetic solutions. Building on our leadership in energy and our expansion into aerospace and defence, this transaction further advances Aperam’s transformation towards diversified high value-added, innovation-driven markets while leveraging our global industrial and commercial platform.”

Read our Press Release: