Nippon Steel & Sumitomo Metal Corporation have closed the acquisition of Ovako
Nippon Steel & Sumitomo Metal Corporation (NSSMC), one of the largest steel producers in the world, today confirmed the closing of the acquisition of Ovako Group. Ovako will continue the drive its business under the Ovako brand and will legally be part of NSSMC as a subsidiary. “We are very pleased to now fully begin our journey as part of NSSMC. For Ovako, the acquisition means that we now have a strong industrial owner in the global steel industry. We are looking forward to leverage NSSMC’s technological expertise and global reach to deliver even more value to our customers,” says