Severfield PLC Progressive publishes new research
March 16 2023 - 7:18AM
RNS Non-Regulatory
TIDMSFR
Severfield PLC
16 March 2023
Dutch acquisition enhances Euro-vision
Severfield, the UK's leading structural steel specialist, yesterday enhanced its strategic
aim of expanding its presence in continental Europe by acquiring leading Dutch fabricator
Voortman Steel Construction Holding (VSCH) for EUR24m. The deal, which Severfield expects
to be earnings enhancing in FY24E, will reinforce the group's presence in Europe as well as
offering innovative production capabilities in its UK base. Severfield should also benefit
from a range of investment pledges in yesterday's Budget.
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