Traxys S.a.r.l., Investment Aktiebolaget Spiltan and other major shareholders of Comax 2 AB – the holding company of Carbomax AB –are pleased to announce that they have signed a Share Purchase Agreement (SPA) to sell 100% interests to Traxys Group. Carbomax AB is a leading Swedish trading house and industrial operator specializing in ferroalloys, carbon products and briquettes. The transaction aims to strengthen Traxys’ presence in the Scandinavian market and support the region’s transition toward sustainable steel production.
Closing of the transaction is expected to occur in the first quarter 2026 following clearance by Swedish authorities, including foreign direct investment and antitrust approvals. Carbomax serves regional steel plants and most of foundries across the Nordics. With its strategic location near Västerås harbor and integrated processing capabilities Carbomax is well-positioned to capitalize on growing demand for green steel and sustainable raw materials.
Mark Kristoff, CEO of Traxys Group, stated:
“Through this transaction, Traxys Group will expand in Scandinavia. Carbomax’s market position and operational expertise will accelerate our growth and enhance our ability to serve customers in a rapidly evolving industry.”
Ryan Campbell, Executive Vice President of Traxys Group, added:
“We are excited to move forward with this acquisition. Carbomax’s capabilities and relationships in the Nordic steel sector align perfectly with our long-term vision. Together, we will unlock significant synergies and create value for all stakeholders.”
Richard Jansson, CEO of Carbomax AB, commented:
“This transaction marks an exciting new chapter for Carbomax. Joining forces with Traxys will allow us to leverage their global network and expertise while continuing to deliver sustainable solutions to our customers in the Nordics.”
Robert Idegren, Founder of Carbomax AB, said:
“When I started Carbomax, the vision was to create a reliable partner for the steel industry with a focus on quality and innovation. Seeing the company become part of Traxys Group is a proud moment and a testament to the hard work of our team.”
Göran Pallmar, COO of Spiltan Invest AB, representing the exiting shareholders, stated:
“We are pleased to have supported Carbomax’s growth journey and believe Traxys is the ideal partner to take the company to the next level. This transaction reflects our commitment to backing strong businesses and creating long-term value.”
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