Home » ThyseenKrupp Services to Buy Apollo Metals Group
ThyseenKrupp Services to Buy Apollo Metals Group
November 19, 2007
Duesseldorf, Germany-based ThyssenKrupp Services AG is expanding its aerospace materials services business by acquiring UK-based company Apollo Metals Group, which includes Aviation Metals for an undisclosed fee from Murray International Holdings, UK.   ; Apollo provides high-grade products such as aluminium, stainless steel and non ferrous metals with value-adding processing services for aerospace manufacturers.
The acquisition will combine Apollo's largely European and Far Eastern businesses with ThyssenKrupp Services' largely U.S.-based operations to form a global enterprise with 30 locations in 13 countries and a turnover of more than $700 million.
Currently, ThyssenKrupp Services is servicing the aerospace industry with its subsidiaries in Brazil, France, the UK, Germany, and North America. In 2006 it acquired the aerospace distribution interests of Alcoa which included business in the UK, Europe and the U.S.   ; ThyssenKrupp Services AG is one of five business segments of the ThyssenKrupp Group providing materials and industrial services and raw materials. ThyssenKrupp Services accounts for 14 billion euros of the global group sales.