Voestalpine Böhler Welding buys majority stake in Italy’s Stelco

Tuesday, 10 March 2020 17:22:02 (GMT+3)   |   Brescia
       

Voestalpine Böhler Welding Group, the Düsseldorf-based Voestalpine subsidiary that produces welding consumables, has acquired a 90 percent stake in Selco S.r.l., a Padua, Italy-based producer of welding machines. The Frasson family, current owner of the Italian company, will keep the remaining 10 percent. The Italian company will change its name to Voestalpine Böhler Welding Selco.

By adding welding machines to its portfolio, Voestalpine Böhler Welding now offers comprehensive full welding solutions. "With the participation in Selco s.r.l., we not only strengthen our position as a full welding solution provider in the welding industry, we also offer a perfectly coordinated combination of welding consumables and welding machines. This enables our customers to carry out best-in-class xwelds," said Stefan Glanz, CEO of Voestalpine Böhler Welding, giving an insight into the motives for the collaboration. Lino Frasson, founder of Selco, added, "I am delighted that we have found a partner with Voestalpine Böhler Welding who, like us, relies on quality and innovation and thus accompanies our 40-year history into a new era."


Similar articles

Voestalpine strengthens its railway market position in three countries

29 Jun | Steel News

Voestalpine post net loss for FY 2019-2020, expects post-summer recovery

03 Jun | Steel News

Voestalpine: Coronavirus pandemic to affect 2019-20 results negatively

09 Apr | Steel News

Voestalpine to implement short-time work model due to coronavirus

24 Mar | Steel News

Voestalpine plans to stop production

17 Mar | Steel News

Voestalpine posts loss for April-December amid rising iron ore prices

06 Feb | Steel News

Voestalpine suspends production for one week at Krieglach plant

08 Oct | Steel News

Voestalpine’s earnings falls amid slumping auto industry

07 Aug | Steel News

Voestalpine posts lower net profit in FY 2018-2019

06 Jun | Steel News

Voestalpine’s sales revenue up 5.2 percent in April-December

08 Feb | Steel News