PAO Severstal, one of the world's largest vertically integrated steel and mining companies, announces that it has led a second tranche of investment into Dutch company Airborne, a global leader in developing digital automation platforms for the production of composite parts, and products with integrated composites. The total investment in Airborne has already amounted to several tens of millions of dollars.
In spite of the crisis caused by the coronavirus pandemic, which has led to many venture projects on the global market being placed on hold, Severstal led the new investment in Airborne with support of existing shareholders including HPE Growth.
In addition, Severstal and Airborne have entered into an exclusive technology partnership agreement in Russia. Under the terms of the agreement, Severstal will be Airborne’s first-choice partner within Russia for the implementation of all composite projects, including the automated production of composite parts.
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03 June 2020
