Traxys Group Completes Acquisition of Carbomax AB Through the Purchase of 100% of Comax2

Traxys S.à.r.l., a global trader and merchant in the metals and natural resources sectors, is pleased to announce that the previously announced acquisition of Comax2 AB - the holding company of Carbomax AB - from Investment Aktiebolaget Spiltan and the other shareholders of Comax2 AB has successfully closed. Traxys Group has now acquired 100% of the interests in Comax2 AB, making Carbomax AB a wholly owned subsidiary of Traxys Group.

All required Swedish regulatory clearances including foreign direct investment and antitrust approvals have been obtained allowing the parties to finalize the transaction.

Carbomax AB is a leading Swedish trading house and industrial operator specializing in ferroalloys, carbon products and briquettes. Through this acquisition, Traxys strengthens its presence in the Scandinavian market and reinforces its commitment to advancing sustainable steel production in the region.

The combination of Traxys and Carbomax creates significant commercial, operational and strategic synergies. Traxys’ global sourcing, marketing reach and financing capabilities integrate seamlessly with Carbomax’s advanced Nordic processing operations and long-standing customer relationships across the regional steel and foundry sectors. Together, the companies will unlock new cross-selling opportunities, streamline logistics and supply chains and expand the availability of high-quality, sustainable raw materials.

Carbomax’s recycling-based briquetting technology complements Traxys’ global energy transition platform, while the addition of a state-of-the-art processing hub in Sweden strengthens Traxys’ ability to support secure, diversified and low-carbon supply chains.

Earlier this year, Traxys was selected as one of only three global trading houses appointed to procure critical minerals for the U.S. Government’s US$ 12 billion “Project Vault,” the newly launched U.S. Strategic Critical Minerals Reserve. The addition of Carbomax’s Nordic operational capabilities supports Traxys’ broader mission to secure reliable, diversified and sustainable raw material flows for industrial partners worldwide.

Hogan Lovells and Cederquist acted as legal advisors to Traxys Group, while PwC Sweden served as its financial advisor. The Sellers were represented by Morris Law.

Mark Kristoff, CEO of Traxys Group, stated:

“With the closing of this transaction, we are delighted to welcome Carbomax into the Traxys family. Carbomax’s strong market position and operational excellence will accelerate our growth in Scandinavia and enhance our ability to support customers through the industry’s ongoing transformation.”

Richard Jansson, CEO of Carbomax AB, commented:

“The closing of this deal marks the beginning of an exciting new chapter. Joining Traxys gives us access to a global platform and new opportunities to deliver sustainable and innovative solutions to our customers.”

About Traxys Group:

TRAXYS is a physical commodity trader and merchant in the metals and natural resources sectors. Its logistics, marketing, distribution, supply chain management, and trading activities are conducted by over 450 employees in over 20 offices worldwide, and its annual turnover reaches USD 10 billion. TRAXYS is engaged in sourcing, trading, marketing, and distributing non-ferrous metals, ferro-alloys, minerals, industrial raw materials, and energy.

The Group serves a broad base of industrial customers and offers a full range of commercial and financial services. TRAXYS is committed to the highest internationally recognized principles for responsible business conduct, and to ensuring that its operations are equitable, sustainable, and transparent.

TRAXYS premises its practices on environmental, social, and governance (ESG) standards that enable Traxys to set a leading example for the responsible sourcing and trading of metals and minerals.

Please visit www.traxys.com for more information.

About Carbomax AB:

Founded in July 1992 by Robert Idegren, Carbomax AB is based in Västerås, Sweden, and specializes in providing carbon products, ferroalloys, and briquettes for steel plants and foundries across the Nordic region. It operates an advanced facility equipped for drying, crushing, sieving, packaging, warehousing, and briquetting.

Carbomax offers a diverse range of tailored carbon products used in decarburizing, slag foaming in electric arc furnaces and carbon reduction processes. Since 2011, the company has pioneered sustainable briquetting solutions, processing industrial waste and by-products for recycling into raw materials, further reducing reliance on virgin resources. Their expanded product portfolio also includes standard and specialty ferroalloys, such as ferro niobium, nickel, ferro molybdenum and minor metals.

Please visit www.carbomax.se for more information.

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