The European Commission has approved the acquisition of sole control of STEELAG Deutschland of Germany by Compagnia Siderurgica Italiana of Italy. The Commission concluded that the proposed acquisition would raise no competition concerns, given the limited overlaps and vertical links between the companies' activities in the relevant markets in the European Economic Area. With a capacity of over 40,000 tonnes per year, Aichach Bundesland of Bavaria headquartered STEELAG Deutschland serves mostly the construction industry. STEELAG Deutschland specializes in the production and distribution of construction steel such as rebar in bars and coils, wire mesh and cold-drawn wire products supplying customers in Germany, Austria and Belgium and expanding into flat products in Italy thanks to the acquisition.Located near Vicenza in northern Italy, Compagnia Siderurgica Italiana is a sheet treatment service centre performing plasma, laser and oxy-fuel cutting and calendaring, CNC machining, bending, sandblasting and chamfering. Compagnia Siderurgica Italiana is active in the production of carbon steel products and the marketing of finished products and derivative products, mainly intended for the construction industry.
The European Commission has approved the acquisition of sole control of STEELAG Deutschland of Germany by Compagnia Siderurgica Italiana of Italy. The Commission concluded that the proposed acquisition would raise no competition concerns, given the limited overlaps and vertical links between the companies' activities in the relevant markets in the European Economic Area. With a capacity of over 40,000 tonnes per year, Aichach Bundesland of Bavaria headquartered STEELAG Deutschland serves mostly the construction industry. STEELAG Deutschland specializes in the production and distribution of construction steel such as rebar in bars and coils, wire mesh and cold-drawn wire products supplying customers in Germany, Austria and Belgium and expanding into flat products in Italy thanks to the acquisition.Located near Vicenza in northern Italy, Compagnia Siderurgica Italiana is a sheet treatment service centre performing plasma, laser and oxy-fuel cutting and calendaring, CNC machining, bending, sandblasting and chamfering. Compagnia Siderurgica Italiana is active in the production of carbon steel products and the marketing of finished products and derivative products, mainly intended for the construction industry.
