Salzgitter Group expands defence activities with acquisition of Thyrolf & Uhle

Salzgitter AG is strengthening its position in the defence and security segment with the acquisition of Thyrolf & Uhle GmbH, a long-established steel processing specialist based in Dessau-Roßlau. The move expands the group’s capabilities in a market that has been gaining strategic importance amid Europe’s changing geopolitical environment.

Founded in 1859, Thyrolf & Uhle employs around 100 people and specializes in steel construction, component manufacturing and sheet metal processing. The company can process more than 12,000 tonnes of steel per year and is regarded as a high-performance supplier in its field. Its portfolio includes steel components and assemblies for ballistic protection, infrastructure security and civil and military vehicle construction.

A key element of the acquisition for Salzgitter is Thyrolf & Uhle’s certification base. The company is qualified to process security steels in accordance with TL-2350-0000 and holds manufacturer certification under DIN 2303 Q3 BK, enabling it to supply defence-related applications. Thyrolf & Uhle works with security steel grades including 400, 450, 500 and 600 SECURE®.

Salzgitter said the transaction will broaden its technological and manufacturing depth in a segment where demand is increasing across Germany and Europe. Thyrolf & Uhle’s range of services in steel and component construction is expected to complement and extend the group’s existing portfolio.

“This acquisition marks a further step in our active portfolio management involving targeted acquisitions in growth markets. Germany and Europe need an efficient defense industry with a qualified materials base in order to prevail in the face of geopolitical upheaval. This is precisely where we as Salzgitter AG are strengthening our offerings,” said Gunnar Groebler, CEO of Salzgitter AG.

The completion of the transaction is subject to customary closing conditions, including regulatory approvals. The companies have agreed not to disclose the financial terms of the deal.

Source and Photo: Salzgitter