on VALLOUREC (EPA:VK)
Vallourec Engages in Exclusive Negotiations to Sell Serimax for €79 Million
Vallourec, renowned for its premium seamless tubular solutions, has entered into exclusive negotiations with Aldebaran, a French investment entity. The deal involves the sale of Serimax, Vallourec’s subsidiary specializing in mechanized welding solutions, set at an enterprise value of €79 million. The transaction includes a €7 million earn-out and is anticipated to conclude in the coming months, pending regulatory approvals and other customary conditions.
The sale supports Vallourec's strategic focus on its core business. Post-restructuring, Serimax reported revenues of approximately €105 million in 2024. Aldebaran's acquisition aims to bolster Serimax’s growth ambitions in unexploited markets. Philippe Guillemot, Vallourec's CEO, emphasized the success of Serimax’s transformation and Vallourec’s ongoing capital streamlining efforts.
R. H.
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