SSAB to acquire Abraservice
SSAB has entered into an agreement to acquire Abraservice Holding, which provides wear parts and complete solutions in quenched and tempered steels (Q&T). Abraservice is currently part of the French-owned Jacquet Metal Service Group. Abraservice had net sales of around SEK 800 million in 2018. The acquisition supports SSAB’s strategic target of global leadership in Q&T and advanced high-strength steels as well as providing leading value-added services.Subject to approval of the relevant regulatory authorities, the transaction is expected to close in the second half of 2019. “The