Elmet Group to Acquires ams OSRAM German Metal Production Assets

09:30 AM EDT, 09/08/2026 (MT Newswires) -- The Elmet Group's (ELMT) German unit will acquire ams Osram's tungsten and molybdenum manufacturing assets in Schwabmunchen, the company said Tuesday. The transaction will expand the company into the European Union to produce refractory metals and is expected to close in Q1 2027, subject to customary regulatory approvals, the company said. The acquired facility supplies tungsten and molybdenum components for defense, semiconductor and industrial clients, Elmet said. ELMT shares were up 3.7% in Tuesday premarket activity.