Sev.en Global Investments is pleased to announce the successful completion of the acquisition of two major steel companies: Celsa Nordic and Celsa Steel UK. This significant milestone marks the company’s entry into a new industry, and a new region, enhancing its global portfolio of circular steel and solidifying its commitment to sustainable industrial practices.

Celsa Nordic will be rebranded to 7 Steel Nordic, and Celsa Steel UK will become 7 Steel UK. Both entities will now operate under the unified brand umbrella of 7 Steel. The steel mills have an overall production capacity of 2 million tons of construction steel annually, including bars, sections, mesh, and wires. Additionally, their steel products are used in the shipbuilding, railway, and wind energy generation sectors.

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

7 Steel is committed to sustainable practices, prioritizing environmental responsibility and the circular economy, where materials are reused and repurposed. A key aspect of this commitment is the focus on fully sustainable steel production in electric arc furnaces, which leverages recycled scrap materials. By recycling steel, the group significantly reduces carbon emissions associated with traditional steel manufacturing processes.

7 Steel Nordic (formerly Celsa Nordic) is a premier steel producer that provides sustainable reinforcing steel. It operates as a complex group in more than twenty locations in northern Europe. The group consists of 7 Steel Nordic Manufacturing – the leading producer of reinforcing steel in the Nordic region with a smelter and a rolling mill in Norwegian Mo i Rana, cut and bend companies 7 Steel Service in Norway, Sweden, Finland, also in Denmark. And scrap receiver 7 Steel Nordic Recycling, that operates in Sweden. The most notable projects where environmentally friendly steel was utilised include the innovative Citygate in Sweden, the architecturally striking Kaktus Towers in Denmark, SNØ in Norway, and the Olympic Stadium in Finland.

Utku Öner, CEO, 7 Steel Nordic: “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.”

The 7 Steel Nordic recycles steel scrap to produce new steel in an electric arc furnace, using the most sustainable technology available and energy based on renewable hydropower, and aims to start producing reinforcing steel based on hydrogen power in the near future.

7 Steel UK (formerly Celsa Steel UK) is the nation’s leading producer of low-carbon construction steel and the largest recycler of scrap steel in the UK. Headquartered in Cardiff, where its primary steel manufacturing facilities are also located, the company operates a fully integrated operation encompassing scrap collection, steel production, and fabrication. Its national footprint includes four strategically positioned scrap yards and seventeen fabricator depots across the UK, enabling responsive, locally focused service to the construction sector. 7 Steel UK has proudly contributed to some of the UK’s most iconic construction projects, including Wembley Stadium, London’s Olympic Park, and The Shard.

With an annual production capacity of 1.2 million tonnes, 7 Steel UK plays a central role in the UK’s circular economy and sustainable infrastructure delivery. The business operates one of the UK’s most efficient electric arc furnaces, enabling steel production with a fraction of the carbon emissions associated with traditional methods.

Carles Rovira, CEO of 7 Steel UK: “This marks an exciting new chapter for our business. As 7 Steel UK, we remain deeply committed to serving the UK 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 UK economy and the wider UK Steel sector.”

The acquisition will also expand the workforce as Sev.en Global Investments integrates an additional 2700 of the steel companies´ employees. The total number of employees within the Sev.en Global Investments group more than doubles to over 5,700. Sev.en Global Investments will now focus on the integration of 7 Steel into the portfolio, and the gradual transition and rebranding will take place until mid-July 2025.

For more information about 7 Steel, please visit www.7-steel.com.

About Sev.en Global Investments

Sev.en Global Investments is a Czech-based investment group that invests across a range of sectors, particularly in steel production, power generation, and mining of various natural resources. Sev.en GI operates on four continents: Europe, Australia, North America, and Asia.

Australian portfolio includes:
• Delta Power & Energy with the Vales Point Power Station and Chain Valley Colliery coal mine
• SO4 company – premium green potash fertilizer producer
• Sev.en Royalties with mining rights in two regions.

In the United States, Sev.en GI is the owner of:
• met-coal mining company Blackhawk Mining with annual coal production of around 9 million tonnes
• Golden Eagle Land Company, which holds mining rights to more than 2 billion tonnes of coal reserves.

European business encompasses:
• Power generation company InterGen, with 4 gas-fired power stations in the United Kingdom: Coryton, Spalding, Rocksavage, and Spalding Energy Expansion.
• 7 Steel UK
• 7 Steel Nordic.

Sev.en Global Investments is part of the Sev.en Group whose beneficiary is Mr. Pavel Tykač, a prominent Czech entrepreneur and investor, ranked among the top 400 World´s wealthiest people in the Forbes Real Time Billionaires. For further information, please visit www.7gi.com.

Media Contact:
Veronika Diamantová
Head of Communication, Sev.en GI
v.diamantova@7gi.com
+420 775 299 337