Voestalpine Plans Further Acquisitions

People ♦ Published: June 16, 2014; 13:45 ♦ (Vindobona)

In an interview with the Financial Times, Voestalpine CEO Wolfgang Eder confirms his ambition to grow through acquisitions and to double its revenue by acquiring suitable targets in the special steel division in China and North America.

Eder: "Reviewing special steel targets in China and North America" / Picture: © Flickr / Worldsteel

Mr. Eder said, that he is aiming to find possible acquisitions to complement its special steel division, although they already have made significant investments in the US and China.

At the same time, the group aims to double its revenues to €20bn by 2020.

Voestalpine plans to invest €1bn a year until 2020. However, if the chance for a large deal came along, Voestalpine…