The steel casting industry in Europe plays an essential role in manufacturing components for various sectors, including automotive, construction, and machinery. This industry consists of companies that specialize in producing high-quality steel castings, which are crucial for creating durable and reliable parts used in countless applications. With increasing demand for engineered products, manufacturers are investing in innovation and sustainable practices. Moreover, the industry's focus on digitization and automation trends indicates a promising future, where efficiency and environmental responsibility may redefine traditional processes, helping companies keep pace with evolving market needs.


In 2024, twelve significant investors have made waves in the European steel casting landscape, comprising corporate and private equity firms. Headquartered in bustling cities like Stockholm, London, and Amsterdam, these investors range from established giants like ASSA ABLOY to nimble newcomers like Mutares Benelux. Sizes vary, inhabited by firms with anywhere from 10 to 10,000 employees. Their strategic investments reflect a commitment to the steel casting supply chain, with many making multiple transactions throughout the year, highlighting the sector's growth potential amidst ongoing industry evolution.


Top 12 Steel Casting Investors in Europe


1. Mutares Benelux

  • Website: mutares.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2021
  • Headcount: 51-200
  • Number of deals in 2024: 16
  • LinkedIn: mutares-benelux

Mutares Benelux, a private equity firm based in Amsterdam, specializes in acquiring and managing companies in transition. Founded in 2021, the firm has quickly established itself with 16 investments in 2024 alone. Mutares SE & Co. KGaA provides operational support and consulting services aimed at enhancing profitability and growth across various sectors, including automotive, technology, and retail. Notably, Mutares has made significant strides in the steel sector with its acquisition of Buderus Edelstahl in October 2024, a company that plays a crucial role in steel production. Additionally, their acquisition of Special Melted Products in May 2022, which focuses on engineering and technology, further emphasizes their involvement in industries that are closely related to steel casting. These transactions highlight Mutares' strategic interest in enhancing its portfolio within the steel industry.


2. Indutrade Life Science

  • Website: indutrade.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1978
  • Headcount: 1001-5000
  • Number of deals in 2024: 14
  • LinkedIn: indutrade-life-science

Indutrade Life Science is a corporate investor based in Stockholm, Sweden, founded in 1978. The company is part of an industrial group that specializes in developing and acquiring companies with high technical expertise across various sectors, including technology and industrial products. Indutrade emphasizes long-term relationships with its customers and operates through a decentralized structure, allowing its subsidiaries to maintain independence while benefiting from the group's resources. Notably, Indutrade has made significant acquisitions in the steel sector, including Stålprofil PK AB in 2010, which indicates their engagement in the steel industry. This acquisition aligns with their strategy of investing in companies that provide reliable and innovative industrial solutions. Additionally, their ongoing activity in acquiring companies like Ecoroll and others in related fields further demonstrates their commitment to expanding their portfolio in industries that may intersect with steel casting.


3. ASSA ABLOY Group

  • Website: assaabloy.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 10001+
  • Number of deals in 2024: 21
  • LinkedIn: assaabloy

ASSA ABLOY Group, founded in 1994 and headquartered in Stockholm, Sweden, is a leading provider of security solutions specializing in locks, doors, gates, and entrance automation. With a workforce of over 10,000 employees, the company has established itself as a leader in the security industry through innovation and a diverse product portfolio. Notably, ASSA ABLOY has made several strategic acquisitions that enhance its position in the steel sector. For instance, their acquisition of Baron Metal Industries in 2006 and Stiles Custom Metal in 2019, both of which are involved in the production of steel doors and frames, highlight their commitment to expanding their offerings in steel-related products. Additionally, the acquisition of Premier Steel Doors and Frames in 2024 further emphasizes their focus on the steel industry, particularly in the U.S. market. These transactions illustrate ASSA ABLOY's strategy to integrate steel manufacturing capabilities into their security solutions, making them a significant player in the steel casting context.


4. Mercia Asset Management PLC

  • Website: mercia.co.uk
  • Type: Venture Capital
  • Headquarters: Henley-In-Arden, England, United Kingdom (UK)
  • Founded year: 1982
  • Headcount: 51-200
  • Number of deals in 2024: 41
  • LinkedIn: mercia-asset-management

Mercia Asset Management PLC is an investment management firm based in Henley-In-Arden, England, specializing in venture capital, private equity, and debt financing to support the growth of UK businesses. Founded in 1982, Mercia caters to both startups and established companies, particularly in technology and innovation sectors. Notably, they have made investments in companies relevant to the steel casting industry, such as Castings Technology International, which raised $2,745,729 in a venture round in January 2021. Additionally, they provided debt financing to Hempel Firmus Metals, which raised $262,588 in December 2019. These transactions highlight Mercia's engagement with the steel casting sector, demonstrating their capability and interest in supporting businesses within this industry.


5. IK Partners

  • Website: ikpartners.com
  • Type: Private Equity
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1989
  • Headcount: 201-500
  • Number of deals in 2024: 14
  • LinkedIn: ik-investment-partners

IK Partners is a private equity firm based in London, England, specializing in mid-market investments across Europe. Founded in 1989, the firm focuses on providing capital and strategic support to businesses in various sectors, including Business Services, Healthcare, Consumer, and Industrials. IK Partners aims to enhance growth and create long-term value for their portfolio companies by partnering with management teams. Notably, they have been involved in several significant transactions in the industrial sector, such as the acquisition of Fives Group, which operates in the industrial engineering space, and Consolis SAS, a company that produces precast concrete products. These transactions highlight their engagement in industries that may intersect with steel casting, making them a potential player in this field.


6. Bgf

  • Website: bgf.co.uk
  • Type: Venture Capital
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2011
  • Headcount: 51-200
  • Number of deals in 2024: 53
  • LinkedIn: bgfinvestments

BGF Investment Management Limited is a venture capital firm based in London, UK, founded in 2011. The firm specializes in providing growth funding and value creation support to small and mid-sized businesses in the UK and Ireland. BGF addresses the funding gap in the market through minority investments and extensive support services. Notably, BGF has invested in companies relevant to the steel casting industry, such as VTL Group, a precision engineering firm that supplies components to Jaguar Land Rover, and Independent Forgings and Alloys, an aerospace and industrial forger. These investments highlight BGF's engagement with businesses that are integral to the steel casting supply chain, demonstrating their capability and interest in this sector.


7. Triton Partners


Triton Partners is a private equity investment firm based in Luxembourg, founded in 1997. The firm specializes in private equity and credit investments in European mid-market businesses, focusing on sectors such as Business Services, Industrial Tech, and Healthcare. Triton provides operational expertise and capital to help companies unlock their full potential. Notably, Triton has been involved in significant transactions within the steel industry, including the acquisition of Ovako, a company known for its steel products, in August 2010. They also acquired Befesa, which, while primarily focused on environmental services, operates in sectors that may intersect with steel production and recycling. These transactions highlight Triton's capability and interest in the steel sector, making them a relevant investor in the steel casting industry.


8. Tikehau Capital


Tikehau Capital is an investment management firm based in Paris, specializing in alternative asset management. Founded in 2004, the firm offers a diverse range of services including private debt, private equity, real assets, and capital markets strategies. Tikehau Capital serves a variety of clients, including institutional and private investors, as well as SMEs seeking tailored financing solutions to support growth and sustainability initiatives. Notably, Tikehau has made significant investments in companies that operate in sectors related to steel casting. For instance, they invested €114 million in Nexteam Group, a precision mechanics and machining company, which highlights their engagement in industries that may intersect with steel casting. Additionally, their involvement with companies like Cladtek Holdings and Lebronze Alloys through debt financing further illustrates their active role in supporting businesses that could be relevant to the steel casting supply chain.


9. Deutsche Beteiligungs AG

  • Website: dbag.com
  • Type: Private Equity
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 1965
  • Headcount: 51-200
  • Number of deals in 2024: 2
  • LinkedIn: deutsche-beteiligungs-ag

Deutsche Beteiligungs AG is a private equity firm based in Frankfurt, Hesse, Germany, founded in 1965. The firm specializes in investments in mid-sized companies, providing capital and advisory services to enhance their growth potential. With over 55 years of experience, Deutsche Beteiligungs AG has developed a successful fund advisory business. Notably, the firm has made significant investments in the steel casting sector, including the acquisition of Silbitz Group in July 2015 and Gienanth in December 2014, both of which are key players in the steel casting industry. Additionally, Deutsche Beteiligungs AG acquired Sjølund in January 2018, further expanding its portfolio in related sectors. These transactions highlight the firm's active role in the steel casting market, despite its broader investment focus.


10. Andritz

  • Website: andritz.com
  • Type: Corporate
  • Headquarters: Graz, Styria, Austria
  • Founded year: 1892
  • Headcount: 10001+
  • Number of deals in 2024: 5
  • LinkedIn: andritz

Andritz AG, founded in 1892 and based in Graz, Styria, Austria, is a leading technology provider specializing in industrial equipment and solutions across various sectors, including pulp and paper, metals, and energy. With a workforce of over 10,000 employees, Andritz focuses on enhancing operational efficiency and sustainability for its business customers through innovative and digitalized solutions. Notably, Andritz has made significant investments in the metals sector, including the acquisition of Schuler AG in 2012, which specializes in metal forming technology, and Herr-Voss Stamco in 2014, known for its metal processing equipment. These transactions highlight Andritz's commitment to expanding its capabilities in the metals industry, making it a relevant player in the steel casting sector.


11. Capvis AG

  • Website: capvis.com
  • Type: Private Equity
  • Headquarters: Baar, Zug, Switzerland
  • Founded year: 1990
  • Headcount: 11-50
  • LinkedIn: capvis

Capvis AG is a private equity firm based in Baar, Zug, Switzerland, founded in 1990. The firm specializes in managing investments across various sectors, including healthcare and industrial technology. Capvis partners with institutional investors, such as pension funds, to provide long-term capital and strategic growth opportunities. The firm focuses on enhancing the market position of its portfolio companies through effective management and consulting. Notable transactions include the acquisition of Felss Group, a technology leader in cold forming, which indicates Capvis's engagement in industrial technology. Other acquisitions, such as Faster, Soudronic, Polytec Holding, and sia Abrasives Holding, further demonstrate Capvis's active role in sectors that may intersect with steel casting, showcasing its capability to support growth strategies and internationalization in related industries.


12. Aboa Venture III Ky


Aboa Venture III Ky is a private equity firm based in Turku, Southwest Finland, founded in 1994. The firm specializes in providing equity financing solutions to Finnish businesses with revenues between 2-20 million euros, focusing on acquisitions and growth investments. Aboa Venture has a history of investing in small to medium-sized enterprises seeking capital for expansion and restructuring. Notably, they have been involved in transactions such as Uudenkaupungin Rautavalimo, a company in the steel casting industry, which raised an undisclosed amount in a private equity round in 2001. Other investments include Purvac, JL Levytekniikka, WM-Plast, and Coreplast Laitila, although these companies are not directly related to steel casting. Their diverse portfolio indicates a broad investment strategy, but their engagement with a steel casting firm highlights their potential relevance in this sector.



Steel Casting Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
Mutares BeneluxAmsterdam, North Holland, Netherlands51-200202116
Indutrade Life ScienceStockholm, Stockholm, Sweden1001-5000197814
ASSA ABLOY GroupStockholm, Stockholm, Sweden10001+199421
Mercia Asset Management PLCHenley-In-Arden, England, United Kingdom (UK)51-200198241
IK PartnersLondon, England, United Kingdom (UK)201-500198914
BgfLondon, England, United Kingdom (UK)51-200201153
Triton PartnersLuxembourg201-50019976
Tikehau CapitalParis, Île-De-France, France501-100020046
Deutsche Beteiligungs AGFrankfurt, Hesse, Germany51-20019652
AndritzGraz, Styria, Austria10001+18925
Capvis AGBaar, Zug, Switzerland11-5019900
Aboa Venture III KyTurku, Southwest Finland, Finland1-1019940


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