Walsin Lihwa Corporation (“Walsin”) today announced the successful completion of its acquisition of Mannesmann Stainless Tubes GmbH (“MST”) through its 70% owned subsidiary, Cogne Acciai Speciali S.p.A. (“CAS”), for a total equity value of approximately €116 million.
The acquisition of MST, a prominent manufacturer of seamless tubes for critical environments with operating facilities in Germany, France, Italy and the United States, significantly extends the depth and breadth of Walsin’s customer profile, catalyzing its ambition to expand customer reach in premium market sectors. This union is also an essential and integral part of CAS’s strategy to unlock the full potential of vertical integration, optimizing melting capacity and boosting competitiveness in high-demand industries. Through the combination, Walsin is exceptionally positioned as a leader in the stainless steel and nickel alloy value chain, catering customers across a broad range of end-markets.
Immediately after the completion, MST will be renamed “DMV” to reinforce its dedication to material integration and entrepreneurial spirit. The rebranding signifies 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 will continue to uphold the standards of excellence to address the evolving challenges in mission-critical environments and applications.
About MST
Mannesmann Stainless Tubes GmbH (formerly Mannesmann DMV Stainless) is the pioneer in manufacturing seamless stainless steel and nickel-based alloy tubes and pipes. The company’s history dates back to the invention of the seamless stainless steel tube by the Mannesmann brothers in 1885. It has been the industry innovator for over 100 years and now has one of the largest product portfolios in this field. MST links its production and sales processes internationally with highest quality and service standards, serving the most mission-critical environment and applications.
About CAS
CAS is a world leading manufacturer of stainless steel and nickel alloy long products located in Aosta of Italy, providing manufacturing services of melting, remelting, casting, rolling, forging and machining. CAS has a niche market for industrial certification products, includes stainless steels and nickel alloys long products, valve steels for automotive and tailor-made products on customers drawing in special steels. CAS has a leading position in the European market with sales offices in more than 15 countries around the world.
About Walsin
Established in 1966 and listed on Taiwan stock exchange since 1972, Walsin is an industrial conglomerate with operations spanning wire & cable, stainless steel, and renewable energy. With over 40 production and sales sites across Greater China, Europe, Southeast Asia, and the U.S., Walsin products are widely used across aerospace, oil and gas, new energy, automotive, industrial and consumer sectors. Walsin is headquartered in Taipei, Taiwan. For more information, please visit https://www.walsin.com
