Vallourec, a global leader in premium seamless tubular solutions, has entered into exclusive negotiations with Aldebaran Capital Partners for the sale of its subsidiary Serimax, which specialises in advanced welding solutions. The transaction reflects an enterprise value of €79 million, including a €7 million earn-out.
The proposed sale is expected to be finalised in the coming months, pending the consultation of employee representative bodies and the fulfilment of standard conditions precedent, including necessary regulatory approvals.
This divestment forms part of the New Vallourec strategy, which aims to streamline the Group’s capital allocation and sharpen its focus on core operations within the tubular solutions sector. Serimax, having undergone a swift transformation under Vallourec’s strategic guidance, is now operating profitably as an independent business.
With Aldebaran’s backing, Serimax is set to continue its growth trajectory and pursue further development in markets outside Vallourec’s operational scope. The transaction underscores Vallourec’s commitment to reinforcing its position in its core industry while enabling Serimax to expand under new ownership.
For more information visit www.vallourec.com
