Acquisition History / Tata Steel Ltd (via Tata Steel IJmuiden B.V.) / LAG Velsen B.V.
Tata Steel Ltd (via Tata Steel IJmuiden B.V.) Acquires LAG Velsen B.V.
Announced November 14, 2025 — $163.8M
What happened
LAG Velsen B.V. is a new entity incorporated by Vattenfall to hold the Velsen power plants in the Netherlands, with total electric capacity of 770 MW and CY2024 turnover of €110.8M for the demerged assets, largely tolling-contract fees. Tata Steel's Dutch subsidiary Tata Steel IJmuiden agreed on 14 November 2025 to acquire 100% of LAG Velsen for a purchase price of up to €140M.
- Target
- LAG Velsen B.V.
- Announced
- November 14, 2025
- Price
- $163.8M
- Industry
- Power generation (gas-fired)
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Tata Steel Ltd (via Tata Steel IJmuiden B.V.) acquire LAG Velsen B.V.?
Tata Steel Ltd (via Tata Steel IJmuiden B.V.) acquired LAG Velsen B.V. on November 14, 2025. This was Tata Steel Ltd (via Tata Steel IJmuiden B.V.)'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Tata Steel Ltd (via Tata Steel IJmuiden B.V.) pay for LAG Velsen B.V.?
Tata Steel Ltd (via Tata Steel IJmuiden B.V.) paid $163.8M for LAG Velsen B.V..
What does LAG Velsen B.V. do?
LAG Velsen B.V. is a new entity incorporated by Vattenfall to hold the Velsen power plants in the Netherlands, with total electric capacity of 770 MW and CY2024 turnover of €110.8M for the demerged assets, largely tolling-contract fees. Tata Steel's Dutch subsidiary Tata Steel IJmuiden agreed on 14 November 2025 to acquire 100% of LAG Velsen for a purchase price of up to €140M.
What other Power generation (gas-fired) companies has Tata Steel Ltd (via Tata Steel IJmuiden B.V.) acquired?
LAG Velsen B.V. is Tata Steel Ltd (via Tata Steel IJmuiden B.V.)'s only publicly tracked acquisition in Power generation (gas-fired) so far.