QSIL Group expands its portfolio.

21 September 2022 − QSIL Group expands its portfolio and acquires all H.C. Starck High Performance Metal Solutions sites outside North America: H.C. Starck Hermsdorf GmbH, H.C. Starck Ltd. (Calne), H.C. Starck Specialty Materials (Taicang) Co., Ltd. and H.C. Starck (India) Pvt. Ltd.

Regardless of the turbulent times, QSIL SE from Ilmenau, a specialist for solutions made of high-performance materials, is again focusing on growth. QSIL will take over from the H.C. Starck Group three production sites in Germany, England and China for the production and development of refractory metal solutions, as well as a sales site in India. An agreement to this effect has been signed. QSIL is thus continuing the very successful growth course of recent years and is expanding its globally unique portfolio to include products, technologies and solution expertise from the field of refractory metals with high melting points and extremely high resistance. The closing of the transaction is still subject to approval by the relevant authorities in the UK and is expected to take place shortly.

The 250 employees of the companies in Hermsdorf (DE), Calne (GB), Taicang (CN) and Bangalore (IN) will become part of the QSIL family. This grows to over 1,000 employees and annual sales of over 200 million euros. The existing manufacturing technologies for the production, processing and refinement of products made of the high-performance metals molybdenum, niobium, tantalum and tungsten represent a suitable strategic further development of the Thuringian QSIL group of companies. The increase in technology and material know-how will result in decisive advantages for the joint customer base: With the acquisition, the QSIL Group will be able to offer its customers the complete range of high-performance materials for critical solutions in the semiconductor, medical technology, chemical and mechanical engineering industries from a single source, thus strengthening its leading position in these markets.

Heinz Fabian, Michael Keitz and Erik Neuberg, the managing directors of QSIL SE, are highly satisfied with the intended new acquisition. “The acquisition is QSIL’s biggest growth step to date. We intend to use the material, technology and solution expertise we have gained to deliver innovative solutions for even more demanding customer requirements. We see ourselves facing a promising future as a leading specialist in refractory, high-purity, high-performance materials, and we are very much looking forward to working with the extremely competent management team and highly motivated workforce at the new sites.”

The parties have agreed not to disclose the purchase price.

Company Profile H. C. Starck High Performance Metal Solutions

The companies of the H. C. Starck High Performance Metal Solutions stand for over 100 years of experience as a leading premium supplier of the high-performance metals tungsten, molybdenum, tantalum and niobium. With modern manufacturing technologies, such as electron beam welding, 3D printing, water jet cutting and ultra-precise CNC machining centers, products are manufactured both customized and in series. The finished products are essential for medical technology, mechanical engineering and the aerospace industry, among others.

Details

Company

QSIL SE

Business segment

Metals

Location

Ilmenau, Hermsdorf, Calne (GB)

Published on

21.09.2022

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