Aperam Acquires Magnetec Group for Specialty Alloys

Aperam S.A. has significantly expanded its footprint in advanced materials by acquiring the Magnetec Group, a German specialist in nanocrystalline soft magnetic components. This strategic move integrates Magnetec's specialized capabilities into Aperam's Alloys & Specialties division, reinforcing the latter's position in high-performance materials for critical industrial applications.

The acquisition of Magnetec, which had been undergoing preliminary insolvency proceedings, marks a pivotal step for Aperam in enhancing its downstream offerings. Magnetec, established in 1984 and based in Hanau, Germany, boasts a fully integrated value chain for producing nanocrystalline ribbons and cores. Its products are essential for sectors including automotive, energy, safety systems, and general manufacturing, with a global reach spanning Europe, Asia, and the United States through production sites in Hungary, Moldova, Vietnam, and China.

This integration is expected to accelerate the development of Aperam's Alloys & Specialties segment. By incorporating Magnetec's expertise, Aperam aims to deepen its penetration into electrical engineering and electronics markets worldwide. The synergy between the two entities is anticipated to enrich Aperam's product portfolio and bolster its research and development capacity in advanced magnetic materials. Furthermore, the combined global manufacturing network is set to improve supply chain resilience and broaden customer access.

Aperam, a prominent Luxembourg-based producer of stainless, electrical, and specialty steels, operates across four key divisions: Stainless & Electrical Steel, Services & Solutions, Alloys & Specialties, and Recycling & Renewables. The company commands substantial production capacity, with 2.5 million tonnes of flat stainless and electrical steel across Brazil and Europe, supported by 16 manufacturing facilities globally. In 2025, Aperam reported substantial financial performance, with sales reaching EUR 6,080 million and shipments totaling 2.29 million tonnes.

The strategic rationale behind this acquisition is clear: Aperam is targeting high-growth segments within the electrical and electronics industries. This move complements its existing strong presence in demanding sectors like aerospace and defense, as well as its established leadership in the energy market. By acquiring Magnetec, Aperam not only strengthens its downstream processing capabilities but also extends its technological reach into sophisticated magnetic material science.

The market for advanced magnetic materials is experiencing robust growth, driven by the increasing demand for efficient power electronics, electric vehicles, and renewable energy infrastructure. Nanocrystalline materials, in particular, offer superior magnetic properties such as high permeability and low core losses, making them indispensable for next-generation electronic devices and energy systems. Aperam's investment in Magnetec positions it to capitalize on these trends, offering integrated solutions from raw material to specialized components.