Speira GmbH
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Speira GmbH - overview
Established
2021
Location
-, -, Germany
Primary Industry
Materials
About
Based in Norway, Speira GmbH is an aluminum rolling and recycling company serving the automotive, packaging, printing, engineering, building, and construction industries. In 2021, Norsk Hydro ASA sold its rolling business to USA-based KPS Capital Partners, LP for NOK 14. 2 billion. KPS’s acquisition includes Norsk Hydro’s business, Alunorf, an aluminum rolling mill, and Grevenbroich, an aluminum finish mill.
Under KPS’s ownership, Hydro’s rolling business was renamed, Speira. Speira operates seven manufacturing facilities across Germany and Norway. The company is led by Einar Glomnes as CEO. As of 2021, Speira employs about 5000 people in Germany and Norway.
The company’s business is to manufacture aluminum rolled products at about one million tonnes per year. Speira is a supplier of aluminum solutions to the green mobility sectors such as cars and all other means of transportation along with electro-mobility. For the year ended 31st December 2020, the company recorded revenue of USD 23. 903 billion and EBITDA of USD 1.
1 billion. Post its rebranding, KPS plans to focus on sustainability, innovation, and new product development for Speira in the future. The company aims to an industry leader in sustainability by 2030.
Current Investors
KPS Capital Partners
Primary Industry
Materials
Sub Industries
Steel & Metals
Website
www.speira.com
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Speira GmbH - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Announced | Real Alloy's European Business | - | ||||||||
| Corporate Carve Out | Completed | Speira GmbH | - |
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