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Blastr to acquire SSUK with new funding support

PRIVATEAug 30, 20265 days ago

Acquiring Company

Blastr Green Steel

Acquired Company

Speciality Steel UK (SSUK)

LysakerEnglandManufacturingmining & metalsManufacturingAutomotive

Description

Blastr Green Steel is set to acquire Speciality Steel UK (SSUK) after securing new funding. The Norwegian steel group has lined up financial support from Aptior Capital to finalize its bid. SSUK, which was previously under compulsory liquidation, is crucial to the UK steel industry. The acquisition is expected to proceed this autumn.

Company Information

Company

Blastr Green Steel

Location

Lysaker, Viken, Norway

About

Blastr Green Steel is a Finland-based company developing a low-emissions steel mill in Inkoo, Finland. The company aims to produce low-carbon steel with significantly reduced CO2 emissions using hydrogen energy and non-fossil-fuel energy for production.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Speciality Steel UK (SSUK)?

Speciality Steel UK (SSUK) was acquired by Blastr Green Steel, based in Lysaker. The deal was reported on August 30, 2026. Blastr Green Steel is a Finland-based company developing a low-emissions steel mill in Inkoo, Finland. Blastr Green Steel is privately held and operates in Manufacturing.

When did Blastr Green Steel acquire Speciality Steel UK (SSUK)?

Blastr Green Steel's acquisition of Speciality Steel UK (SSUK) was reported on August 30, 2026. Blastr Green Steel is set to acquire Speciality Steel UK (SSUK) after securing new funding. The Norwegian steel group has lined up financial support from Aptior Capital to finalize its bid. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Speciality Steel UK (SSUK) do?

Speciality Steel UK (SSUK) is one of Britain's largest steel producers, specializing in high-quality steel products. It has faced significant operational challenges and entered compulsory liquidation in August 2025. It is privately held, operating in Manufacturing, and is based in England.

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