Sev.en Global Investments completes acquisitions of Celsa Steel UK, Celsa Nordic

Prague-based Sev.en Global Investments has completed the acquisition of two steel companies: Celsa Steel UK and Celsa Nordic.

Effective April 14, Cardiff, Wales-based Celsa Steel UK became 7 Steel UK, and Norway’s Celsa Nordic was rebranded as 7 Steel Nordic. Both entities now will operate under the unified brand of 7 Steel, with an overall annual production capacity of 2 million metric tons, according to Sev.en Global. These steel products, which include bars, sections, mesh and wires, are predominantly used in the construction industry, as well as in the shipbuilding, railway and wind energy generation sectors.

“I am very pleased with the successful completion of these innovative and highly specialized steel companies,” Sev.en Global Investments CEO Alan Svoboda says. “It is part of our strategy to enter new industries, and we believe that steel is a sound investment. We look forward to establishing a strong market presence and leveraging our combined strengths to drive innovation, growth, development and the green transition. Together, we will build a resilient business ready to unlock new opportunities.”

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Sev.en Global says 7 Steel is committed to sustainable practices, including the focus on fully sustainable steel production, which leverages recycled scrap materials. By recycling steel, the group says it will significantly reduce carbon emissions associated with traditional steel manufacturing processes.

7 Steel UK offers scrap collection, steel production and fabrication. The business operates an electric arc furnace, which enables steel production with 80 percent lower carbon emissions compared to traditional methods, according to the company. Its national footprint includes four scrapyards and seventeen fabricator depots across the U.K. The company has contributed to construction projects including Wembley Stadium, London’s Olympic Park and The Shard. The company has an annual capacity of 1.2 million metric tons.

“This marks an exciting new chapter for our business,” 7 Steel UK CEO Carles Rovira says. “At 7 Steel UK, we remain deeply committed to serving the U.K. construction sector with sustainable, high-quality steel. Backed by Sev.en Global Investments, we are poised to accelerate innovation and strengthen our leadership in the circular economy. Our people, our purpose and our product have never been more aligned to the future of the U.K. economy and the wider U.K. steel sector.”

7 Steel Nordic operates as a group of companies, with more than 15 locations in Northern Europe and recycles steel scrap to produce reinforcing steel. The company has been involved in construction projects including Citygate in Sweden, Kaktus Towers in Denmark, SNØ in Norway and the Olympic Stadium in Finland.

“With our focus on large-scale projects and diverse markets, we aim to leverage our expanded reach and capabilities to provide superior service and low-carbon steel products,” 7 Steel Nordic CEO Utku Öner says.

Sev.en Global Investments says its total number of employees will double to more than 5,700 with this acquisition. The company says it will be focusing on the integration of 7 Steel into its portfolio, with the gradual transition and rebranding occurring through the middle of July.