Degussa acquires precious metals dealer SilviOr

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August 13, 2013 – Degussa Goldhandel (Gold Trade Group) is expanding its product portfolio with immediate effect in the field of precious metals storage with the acquisition of the precious metals dealer, SilviOr GmbH, of Würzburg.

Hubert Roos, Founder of SilviOr GmbH, and Wolfgang Wrzesniok-Rossbach, Managing Director at Degussa.

SilviOr was established in 2007 as one of the first physical gold and silver dealers in Germany by Hubert Roos, a long-standing precious metals expert and book author. At present, the company is managing holdings in precious metals of private and institutional customers valued at over 50 million EUR.

Wolfgang Wrzesniok-Rossbach, Managing Director at Degussa: ‘The acquisition of SilviOr GmbH represents an excellent supplement to our successful business model, especially in the field of precious metals storage. With the acquisition of SilviOr GmbH, our customers, also now have the opportunity of depositing precious metals centrally and independent of banks. This supplements the services that we already provide in the field of safety deposit boxes in an ideal manner.’

Hubert Roos, Founder of SilviOr GmbH, added: ‘It was important for me to know that my company and our customers were in good hands. Degussa can offer both the SilviOr brand and the employees a long-term perspective. We have found the ideal partner in Degussa.’

The deposit models of SilviOr will also be launched gradually by Degussa. Customers who purchase precious metals from Degussa either on-line or in one of the eight branches available in Germany and Switzerland can also have them deposited directly in the meantime.

‘Our services are also available to investors who have already purchased precious metals in the past, and now prefer to deposit the same with Degussa’ explained Mr. Wrzesniok-Rossbach, the head of Degussa, in a statement on the new offer.

You can find the official SilviOr website here.

For more information on the Degussa Goldhandel please click here.