Emirates Global Aluminium (EGA) completes acquisition of Leichtmetall, European speciality foundry

May 03, 2024

Acquiring Company

Emirates Global Aluminium

Acquired Company

Leichtmetall Aluminium Gießerei Hannover GmbH

Dubai

HanoverMechanical Or Industrial EngineeringManufacturing

Description

Emirates Global Aluminium (EGA), the world's largest 'premium aluminium' producer, has successfully acquired Leichtmetall Aluminium Giesserei Hannover GmbH, a European specialty foundry that focuses on high-strength recycled aluminium. This acquisition marks an important milestone in EGA's strategy to expand its aluminium recycling business in Europe and globally, reinforcing its position as a major player in the industry.

Quick answer

Emirates Global Aluminium is acquiring Leichtmetall Aluminium Gießerei Hannover GmbH, announced May 3, 2024. Emirates Global Aluminium is based in Dubai, Dubai, United Arab Emirates.

How much did Emirates Global Aluminium pay for Leichtmetall Aluminium Gießerei Hannover GmbH?: The deal value was not disclosed.
What does Emirates Global Aluminium do?: Emirates Global Aluminium (EGA) is the largest producer of premium aluminium in the world and the biggest industrial company in the UAE outside the oil and gas sector.
Where are Emirates Global Aluminium and Leichtmetall Aluminium Gießerei Hannover GmbH based?: Emirates Global Aluminium is based in Dubai, Dubai, United Arab Emirates. Leichtmetall Aluminium Gießerei Hannover GmbH is based in Hanover, Lower Saxony, Germany.
Who are the decision-makers at Emirates Global Aluminium?: Fundz holds 1 contact at Emirates Global Aluminium. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Emirates Global Aluminium

Location

Sheikh Zayed Road

Dubai, Dubai, United Arab Emirates

About

Emirates Global Aluminium (EGA) is the largest producer of premium aluminium in the world and the biggest industrial company in the UAE outside the oil and gas sector. Jointly owned by Mubadala Investment Company and the Investment Corporation of Dubai, EGA operates an integrated aluminium production value chain that includes bauxite mining, alumina refining, primary aluminium smelting, specialty foundry operations, and aluminium recycling. EGA's core assets feature two major smelters: one in Dubai with a capacity of 1 million tonnes per annum and another in Abu Dhabi with a capacity of 1.3 million tonnes per annum. Together, they produce approximately 2.34 million tonnes of aluminium annually. The company also has international operations, including a bauxite mine and alumina refinery in Guinea, a specialty foundry in Germany, and an aluminium recycling plant in the United States. EGA serves over 300 customers in more than 60 countries and accounts for about 4% of global aluminium production. With a focus on innovation and sustainability, EGA integrates renewable energy into its operations and holds multiple ISO certifications.

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Frequently asked

Who acquired Leichtmetall Aluminium Gießerei Hannover GmbH?

Leichtmetall Aluminium Gießerei Hannover GmbH was acquired by Emirates Global Aluminium, based in Dubai. The deal was reported on May 3, 2024. Emirates Global Aluminium (EGA) is the largest producer of premium aluminium in the world and the biggest industrial company in the UAE outside the oil and gas sector. Emirates Global Aluminium is privately held and operates in Mechanical Or Industrial Engineering.

When did Emirates Global Aluminium acquire Leichtmetall Aluminium Gießerei Hannover GmbH?

Emirates Global Aluminium's acquisition of Leichtmetall Aluminium Gießerei Hannover GmbH was reported on May 3, 2024. Emirates Global Aluminium (EGA), the world's largest 'premium aluminium' producer, has successfully acquired Leichtmetall Aluminium Giesserei Hannover GmbH, a European specialty foundry that focuses on high-strength recycled aluminium. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Leichtmetall Aluminium Gießerei Hannover GmbH do?

Leichtmetall Aluminium Giesserei Hannover GmbH is a European specialty foundry that utilizes renewable energy to produce up to 30 thousand tonnes per year of billets, with a focus on using high-strength recycled aluminium. It is privately held, operating in Manufacturing, and is based in Hanover.

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