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Home » News » Umicore to Sell Its European Technical Materials Business to SAXONIA Edelmetalle
08.12.2017

Umicore to Sell Its European Technical Materials Business to SAXONIA Edelmetalle

Umicore to Sell Its European Technical Materials Business to SAXONIA Edelmetalle

Umicore announced today that it has agreed to sell its European Technical Materials business to SAXONIA Edelmetalle GmbH, a long-established German refiner and manufacturer of precious metal chemical compounds, semi-finished products and contact parts.

The agreement concerns the Technical Materials activities in Germany and Italy, which manufacture contact materials and brazing alloys for technical applications. The activities generated a combined turnover of EUR 163 million in 2016. Closing of the transaction is expected in the first quarter of 2018.

The company is an established and reliable partner to industrial users in the core areas of precious metal refining, precious metal chemical compounds, semi-finished products, platinum equipments and contact parts.

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