Finnish stainless steel maker Outokumpu has agreed to acquire Inoxum, the stainless steel unit of Germany’s ThyssenKrupp.
The €2.7 billion deal is set to make Outokumpu a market leader in European stainless steel, with almost €12 billion in revenues, more than 19,000 employees and an approximate 50 per cent market share.
Outokumpu already employs around 8,000 people in more than 30 countries and is headquartered in Espoo, Finland.
