Heraeus, the world's leading technology group, recently announced that the global business unit of Heraeus Precious Metals (HPM) has acquired all shares of Swiss precious metal processor Argor-Heraeus (hereinafter referred to as "Anger") This will make Heraeus the world's largest provider of precious metals services. Heraeus now holds approximately 33% of Ange. After the acquisition, Heraeus will own the remaining two shares held by the other two major shareholders, Commerzbank and the Austrian Mint, and Ange management.
Anglo is one of the world's leading precious metals companies. The company is headquartered in Mendrisio, Switzerland, and has branches in Germany, Italy and Latin America. Ange has more than 300 employees and holds a pivotal market position in the core link of the precious metal processing supply chain. Ange's core business is gold refining, precious metal recycling and industrial processing of gold bars, coins, alloys and semi-finished products. This makes Ange an ideal partner for all companies in the precious metals sector, including miners, precious metals traders, mints, jewelry and watch manufacturers, and industrial customers.
"Through the full acquisition of Ange shares, Heraeus will fully enjoy Ange's expertise and processing capabilities in gold and silver processing. Since Heraeus' existing precious metals business is mainly concentrated in the platinum group metal field, Ange can say It is a perfect complement to Heraeus 'business. After the completion of the acquisition, Heraeus' business area will further expand and become the world's largest precious metal service provider. "Heraeus CEO Jan Rinnert talked about the acquisition The reason is indicated.
In addition, Heraeus and Ange complement the resource procurement and product sales markets in different regions: In addition to the refinery located at the Swiss headquarters, Ange also has a major branch in South America; and Heraeus With operations throughout Asia and North America, this will facilitate Ange's access to these markets.
Heraeus has held Anger shares since 1986. Both parties agreed not to disclose the financial details of the transaction, and the acquisition will require approval from relevant government regulatory authorities to complete the transaction.