ArcelorMittal

ArcelorMittal is a leading global steel company operating in over 60 countries and recognized as the only truly global steelmaker. The company serves major markets, including automotive, construction, household appliances, and packaging, and is involved in all aspects of steel production. Its operations encompass several segments, including North America, Brazil, Europe, and others, with Europe being the primary revenue source. ArcelorMittal produces a wide range of products, such as hot-rolled and cold-rolled coils, coated products, tinplate, and various long products like rebar and wire rods. The company also invests significantly in research and development, holds substantial captive supplies of raw materials, and maintains extensive distribution networks, further solidifying its leadership in the steel industry.

Irina Garbounova

Vice President M&A

Aditya Mittal

CEO

21 past transactions

Boston Metal

Series C in 2023
Boston Metal is a technology company specializing in industrial-scale metal production solutions through its innovative Molten Oxide Electrolysis (MOE) process. Founded in 2012 as a spin-out from MIT, the company focuses on providing the metals industry with an efficient, cost-effective, and environmentally friendly method for producing various metals and alloys from diverse feedstocks. The MOE technology employs an electrolytic cell to convert raw iron ore into ferroalloys, which are essential for manufacturing specific grades of steel. Since its inception, Boston Metal has successfully scaled its technology by 1,000 times, producing thousands of kilograms of metal. The company is headquartered in Woburn, Massachusetts, where it operates its industrial development center.

H2Pro

Series B in 2022
H2Pro, Ltd. is a company that specializes in innovative water-splitting technology aimed at producing hydrogen fuel. Founded in 2019 and based in Caesarea, Israel, H2Pro has developed a proprietary electrolysis method known as E-TAC (Electrochemical–Thermally-Activated Chemical water splitting). This technology effectively separates the hydrogen and oxygen evolution reactions, offering a super-efficient approach to green hydrogen production.

Heliogen

Post in 2021
Heliogen, Inc. is a clean energy company based in Pasadena, California, focused on utilizing sunlight to produce hydrogen and syngas fuels, aiming to replace fossil fuels across various sectors. Founded in 2013 at Idealab, Heliogen has developed a concentrated solar energy system powered by artificial intelligence, which offers a range of solutions including HelioMax, a closed-loop control system for electricity generation and process heat applications; HelioHeat, which provides carbon-free, ultra-high temperature heat for industries like cement, refining, and mining; and HelioFuel, renewable fuels suitable for transportation, heavy equipment, and household heating. Heliogen's mission is to create technology that can commercially replace fossil fuels in industrial processes with sustainable energy sources.

LanzaTech

Funding Round in 2021
LanzaTech, Inc. is a carbon recycling company based in Skokie, Illinois, with additional offices in Roselle, Illinois; Shanghai, China; and Gurgaon, India. Founded in 2005, the company specializes in producing fuel ethanol from renewable non-food resources, including industrial flue gases and waste gases generated from the gasification of municipal solid waste and biomass. LanzaTech's innovative technology enables the conversion of carbon emissions from sources like steel mills into valuable products, such as sustainable fuels and chemicals, thus contributing to a circular carbon economy. By recycling carbon from various waste streams, LanzaTech aims to reduce global CO2 emissions significantly and displace a substantial portion of crude oil use, ultimately transforming waste carbon into essential building blocks for consumer goods.

Heliogen

Corporate Round in 2021
Heliogen, Inc. is a clean energy company based in Pasadena, California, focused on utilizing sunlight to produce hydrogen and syngas fuels, aiming to replace fossil fuels across various sectors. Founded in 2013 at Idealab, Heliogen has developed a concentrated solar energy system powered by artificial intelligence, which offers a range of solutions including HelioMax, a closed-loop control system for electricity generation and process heat applications; HelioHeat, which provides carbon-free, ultra-high temperature heat for industries like cement, refining, and mining; and HelioFuel, renewable fuels suitable for transportation, heavy equipment, and household heating. Heliogen's mission is to create technology that can commercially replace fossil fuels in industrial processes with sustainable energy sources.

Guaranteed

Venture Round in 2019
Guaranteed provides a repair and rebuild service for large industrial components using direct energy deposition technologies. It allows the repairing and rebuilding of large slow movers, reducing the long lead times, eliminating the need for large amounts of new raw materials, and avoiding storage or transportation costs.

ILVA S.p.A.

Acquisition in 2018
ILVA S.p.A. produces and distributes iron and steel products.

Exosun

Acquisition in 2018
Exosun is a manufacturer and developer of solar tracking systems and photovoltaic equipment, specializing in utility-scale ground-mounted photovoltaic plants. The company designs, develops, and markets its Exotrack® solar trackers, along with comprehensive support services that cover the entire life cycle of solar power plants. By focusing on both conventional and concentrated photovoltaic systems, Exosun aims to significantly reduce the cost of solar energy production. In addition to its tracking solutions, the company is actively engaged in research and development, working on concentrated solar systems intended for energy generation in industrial processes.

Thyssenkrupp Steel USA

Acquisition in 2013
Thyssenkrupp Steel USA, LLC manufactures fabricated structural metal, steel, other metal products for structural purposes.

Baffinland Iron Mines

Acquisition in 2011
Baffinland Iron Mines Corporation is engaged in the exploration and development of iron ore projects in the Qikiqtani Region of Nunavut, Canada, specifically on Baffin Island. Founded in 1986 and headquartered in Oakville, the company operates the Mary River property, which features nine high-grade iron ore deposits situated near the northern tip of the island. Baffinland has established additional offices in several northern communities, including Iqaluit, Arctic Bay, Clyde River, Hall Beach, Igloolik, and Pond Inlet, to support its operations. As of February 2011, Baffinland operates as a subsidiary of Nunavut Iron Ore Inc.

Dubai Steel Trading Company

Acquisition in 2009
Dubai Steel Trading Company, LLC distributes finished steel products to the construction market.

Solyndra

Series E in 2008
Solyndra is a manufacturer of cylindrical panels utilizing CIGS thin-film solar cell technology, located in Fremont, California. Established in 2005, the company focuses on designing and producing photovoltaic systems that include both panels and mounting hardware specifically for the commercial rooftop market. Solyndra employs high-volume manufacturing techniques to address the needs of the global solar industry. Its proprietary cylindrical modules are engineered to achieve low installation costs while maximizing solar energy output, particularly on low-slope commercial rooftops. The company operates a fully-automated manufacturing facility spanning 300,000 square feet, underscoring its commitment to efficiency and innovation in solar technology.

Galvex OÜ

Acquisition in 2008
Galvex OÜ owns and operates steel galvanizing plant at the Muugu Port in Tallinn, Estonia. It engages in the production of corrosion resistant and zinc coated sheet steel in commercial and structural grades that are used in the building industry.

Eisen Wagner

Acquisition in 2008
Eisen Wagner is a privately held company that distributes steel and steel products. Eisen Wagners is a specialist for home, craft, and industry.

Cinter S.A.

Acquisition in 2007
Cinter S.A. produces carbon and aluminized carbon steel products, and tubes for the automotive industry. The company offers various tubes, such as square, rectangular and ovoid sections, coils, steel strips, and flat sheets.

M.T. Majdalani Y Cia. S.A.

Acquisition in 2007
M.T. Majdalani Y Cia. S.A. manufactures stainless steel sheets in Argentina. Its products include plates coils straps, pipes and tubes, steel flats, steel angles, electrodes, bars, sanitary pipeline fittings, valves, and flanges.

Vallourec Composants Automobiles Vitry

Acquisition in 2007
Vallourec Composants Automobiles Vitry engages in chassis, energy absorption and passive safety functions.

NSD Ltd

Acquisition in 2007
NSD Limited, a leading steel distribution company specialising in sales of heavy sections and tubes based in Scunthorpe, North Lincolnshire, UK, in order to increase its commercial presence in the UK market.

Sicartsa

Acquisition in 2006
Sicartsa is a fully integrated producer of long steel, with an annual production capacity of approximately 2.7 million tonnes from its facilities in Mexico and Texas, USA. Through its wholly owned mine, linked directly to the plant via a slurry pipeline, Sicartsa has estimated iron ore reserves of 160 million tonnes, providing 30 years of reserves at current production rates.

Ispat Inland

Acquisition in 2005
Ispat Inland Inc. produces and distributes steel and related products in the United States. Its Flat Products division manages the company's iron ore and iron making operations, conducts its ironmaking operations, and produces its raw steel.

Ispat Unimetal S.A.

Acquisition in 1999
Ispat Unimetal S.A. manufactures and markets steel products. Its products includes long / wire rod, and bars.
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