Falk Bouwsystemen B.V. agreed to acquire Salzgitter Bauelemente GmbH from Salzgitter AG (XTRA:SZG) on December 8, 2022. Salzgitter Bauelemente will continue to be managed as an independent GmbH by Kai Bohmbach, the current general manager. The Salzgitter site on the steelworks premises will be retained, and Salzgitter Flachstahl will continue to supply feedstock. Administrative operations are generally to be run decentrally. The business premises and the storage location will remain in the possession of Salzgitter Flachstahl and will be leased to FALK Bouwsystemen for a minimum period of ten years, plus renewal options. The transaction is expected to close on January 1, 2023.

Falk Bouwsystemen B.V. completed the acquisition of Salzgitter Bauelemente GmbH from Salzgitter AG (XTRA:SZG) on January 1, 2023.