Alumexx N.V. (ENXTAM:ALX) signed a letter of intent to acquire an unknown majority stake in DeSteigerConcurrent on December 9, 2024. The Board of Directors and the Supervisory Board of Alumexx NV wish to make this acquisition and investment because of the expected added value, also in geographical terms, which will make an immediate contribution to the turnover growth of Alumexx NV.

Alumexx N.V. (ENXTAM:ALX) completed the acquisition of 51% stake in DeSteigerConcurrent from undisclosed sellers on February 3, 2025. On completion, the former owners will both retain 24.5% of the shares in DeSteigerConcurrent. DeSteigerConcurrent will continue to operate independently from Hardenberg. The turnover of DeSteigerConcurrent will not contribute entirely to the consolidated turnover of Alumexx NV because the turnover is partly eliminated. The eliminated turnover does have a positive impact on the gross margin. Furthermore, the contribution to the EBITDA is expected to be positive.