According to voestalpine, the divestment will allow its high-performance metals division to focus on high-performance materials and reduce its share of standardized tool steel and high-grade engineering steel production, which is coming under increasing pressure due to greater competition from outside Europe.  

voestalpine AG chief executive officer Herbert Eibensteiner said the sale represents the best possible option for the company. 

“We searched intensively for investors, spoke with many companies and explored a variety of options. With Mutares, we have found a prestigious investor with vast experience in managing companies during periods of transformation to take over Buderus Edelstahl.” 

Buderus Edelstahl produces high-quality standard and special steels primarily used in vehicle manufacturing, plant and mechanical engineering, and tool and mold construction. It employs approximately 1,130 full-time equivalents and generated revenue of EUR362 million in fiscal 2024. 

Johannes Laumann, Mutares chief investment officer, said the sale further strengthens the firm’s engineering and technology segment. 

“Buderus Edelstahl will also benefit from our existing product range and broad customer structure in the future, reducing its dependence on individual market risks and positioning itself more broadly for future growth within the Mutares Group,” he said.