Triton takes over majority of Ovako's businesses

Triton, a European private equity investor with a strong presence in the Nordic region, has concluded an agreement to acquire all shares in the companies belonging to the Bar, Bright Bar, and Tube and Ring divisions of Ovako, a leading European steel producer. These companies produce and market long special steel products in the form of bars, chromed bars, tubes and rings as well as components for the vehicle and general engineering industries. The transaction does not include Ovako Group’s operations belonging to the Wire Division, which produces and markets long special steel products in the form of wire rod and PC strand.

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