The acquisition worth EUR 11 million will strategically strengthen Cogne Acciai Speciali’s position in the seamless tube market and boost its competitiveness.

Nov 8, 2024

Walsin Lihwa Corporation, an industrial conglomerate with operations spanning across several industries such as wire & cable, stainless steel and renewable energy, has announced the successful completion of its acquisition of Mannesmann Stainless Tubes (MST) GmbH through its 70 percent-owned subsidiary, Cogne Acciai Speciali S.p.A., for a total equity value of approximately EUR 116 million.

The acquisition of MST, a prominent manufacturer of seamless stainless steel and nickel-based alloy tubes and pipes, having operating facilities in Germany, France, Italy and the United States, would significantly extend the depth and breadth of Walsin’s customer profile, catalyzing its ambition to expand customer reach in premium market sectors. 

The acquisition would help Cogne, a leading global manufacturer of stainless steel and nickel alloy long products, to unlock its full potential in vertical integration, optimize melting capacity and boost competitiveness in high-demand industries. Through the combination, Walsin has been exceptionally positioned as a leader in the stainless steel and nickel alloy value chain, catering customers across a broad range of end-markets.

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MST has been renamed as DMV to reinforce its dedication to material integration and entrepreneurial spirit. The rebranding signified a fresh focus on leveraging the group’s proprietary material supplies to deliver a comprehensive portfolio of high-quality, competitively priced seamless tubing solutions. DMV would continue to uphold the standards of excellence to address the evolving challenges in mission-critical environments and applications.