Energy Fuels to Acquire German Magnetics Maker Vac for $1.9 Billion
Energy Fuels (UUUU) will pay $718 million cash and issue 65.853 million shares to Ara Partners for Vac, valuing the German magnetics manufacturer at $1.9 billion equity value.
Energy Fuels () will acquire 100% of Vac from private-equity firm Ara Partners for total consideration of $718 million in cash and 65.853 million newly issued Energy Fuels common shares, which implies an equity value of $1.9 billion for Vac [2]. The deal brings the German magnetics manufacturer under the ownership of the Colorado-based rare earth and uranium miner.
The transaction marks Energy Fuels' largest acquisition to date and represents a strategic shift beyond its traditional uranium and rare earth mining operations into downstream processing and manufacturing. Vac specializes in rare earth permanent magnets and other advanced materials used in electric vehicles, wind turbines, and defense applications. The all-stock-and-cash structure means Energy Fuels will issue shares representing significant dilution to its existing equity base, though the exact percentage depends on its current share count.
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