Gränges to acquire remaining 49 per cent of GETEK GmbH and the business Dispal®

Gränges has inked an agreement for the acquisition of the remaining 49 per cent of the shares in GETEK GmbH as well as the business Dispal® for EUR 8.5 million from Erbslöh Aluminium GmbH. The deal includes assets, intellectual properties and trademark Dispal®.

“GETEK and Dispal® adds new capabilities and capacity to expand Gränges’ offering of advanced aluminium materials within current and new customer segments. The acquisition will provide Gränges with capabilities for and give access to the fast-growing market for additive manufacturing powder materials. It is a good strategic fit for Gränges and enhances our platform for sustainable profitable growth,” said Johan Menckel, CEO of Gränges AB.

The GETEK acquisition is expected to be completed in the fourth quarter 2020 and the acquisition of the business Dispal® is expected to be completed in the first quarter 2021.

GETEK GmbH, which has two production facilities located in France and Germany, manufactures aluminium billets utilizing advanced spray-forming technology. The company has a combined annual production capacity of 3,500 tonnes. In 2019, GETEK GmbH’s sales amounted to EUR 6.3 million.

The Dispal® business is a range of high-performance spray-formed aluminium materials with a stable customer base. Through the acquisition, Gränges now adds new segments in high-tech industries such as aerospace and industrial robots. 

GETEK, including the business Dispal®, will be a wholly owned subsidiary of Gränges AB and a part of Gränges Europe’s operations.

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