Vallourec, a global leader in premium seamless tubular solutions, has completed the sale of its subsidiary Serimax, which specializes in manual and mechanized orbital welding, the company announced in a press release.
The buyer, Aldebaran, a French investment firm, is expected to support Serimax’s continued growth and development. The transaction carries an enterprise value of EUR 79 mln (USD 92.7 mln).
Vallourec stated that the sale aligns with its strategy to streamline invested capital and refocus on its core business in seamless tubular solutions.
1 USD / 0.85 EUR
