The Finnish specialty steel company Stén & Co has acquired approximately 89 percent of the shares in Swedish Skandistål. The agreement was signed on 30 September and following the transaction, the group’s pro forma revenue exceeds EUR 80 million.
Skandistål’s founder and CEO Per Lundqvist will continue as CEO and retain approximately 11 percent of the company. Skandistål will continue its operations under its own name and with its current organization.
Stén & Co states that its next target is revenue of EUR 100 million.
