Erasteel
Produces gas-atomized metal powders (Pearl® Micro) and powder metallurgy high-speed steels (ASP®) for additive manufacturing, tooling, and component applications, enabling high-performance parts with superior hardness and wear resistance.
- CEO / Founder
- Sophie Haan (effective February 1, 2025)
- Team Size
- 501-1000
- Stage
- Acquired
- Total Funding
- Undisclosed
- Latest Round
- Acquired
- Key Investors
- Syntagma Capital
Technology & Products
Key Products
Erasteel produces gas-atomized metal powders (Pearl® Micro) and powder metallurgy high-speed steels (ASP®) for additive manufacturing, tooling, and component applications. They also offer conventional high-speed steels and are a European leader in strategic metals recycling.
Technological Advantage
Patented vacuum induction melting and gas-atomization technology produces cleaner steels with virtually no segregation, protected by trade secrets and ISO 9001:2008 certification; 8 atomization units across Europe provide scalable production.
Differentiation
Value Proposition
Reduces part failure rates by 30% in cutting tools through uniform carbide distribution and 99.7% density in powders, cutting lead times for custom alloys from 12 weeks to 4 weeks with on-demand atomization services.
How They Differentiate
3x higher hardness retention at 500°C vs. standard tool steels and 20% finer powder consistency (15-45 µm) than Hogänäs for improved AM surface finish, with exclusive focus on high-speed steels unlike broader competitors.
Market & Competition
Target Customers
Manufacturers in aerospace, automotive, tooling, and industrial sectors requiring high-performance metal powders and steels for AM, MIM, HIP, and conventional applications.
Industry Verticals
Aerospace; Automotive; Tooling; Industrial Manufacturing; Medical
Competitors
Hogänäs; LPW; Tekna
Growth & Milestones
Growth Metrics
Revenue estimated at $118.8M with 850 employees across 8 manufacturing sites; expanded metal powder production by 40% in 2021-2023 to meet AM demand.
Major Milestones
1989: Founded; 2023: Acquired by Syntagma Capital; Launched Pearl® Micro range for additive manufacturing; Achieved ISO 9001:2008 certification; Expanded to 8 production sites globally
Notable Customers
PMMT