Energy Fuels agreed to acquire Vacuumschmelze GmbH (VAC) from Ara Partners for $1.9 billion in cash and stock, creating the first fully-integrated Western mine-to-magnet rare earth element supply platform. The acquisition combines Energy Fuels' upstream rare earth mining and processing capabilities with VAC's advanced downstream magnet manufacturing expertise, including its state-of-the-art Sumter, South Carolina facility with current capacity of 2,000 tonnes per annum. The transaction is expected to close in early 2027.
Energy Fuels Acquires Vacuumschmelze GmbH (VAC) for $1.9B
Acquirer
Energy Fuels
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Target
Vacuumschmelze GmbH & Co. KG
2026
Year
🇺🇸 United States
Country
Acquisition
Deal Type
Deal Value
Sector
Clean Energy Technology
Industry
Energy Technology
Date Added
Jun 29, 2026
Status
Announced
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