Published on: March 16, 2023
Dutch acquisition enhances Euro-vision
Severfield, the UK’s leading structural steel specialist, yesterday enhanced its strategic aim of expanding its presence in continental Europe by acquiring leading Dutch fabricator Voortman Steel Construction Holding (VSCH) for €24m. The deal, which Severfield expects to be earnings enhancing in FY24E, will reinforce the group’s presence in Europe as well as offering innovative production capabilities in its UK base. Severfield should also benefit from a range of investment pledges in yesterday’s Budget.
