Vallourec Finalizes Sale of Serimax to Enhance Core Focus
Vallourec Completes Strategic Disposal of Serimax
Meudon, France – Vallourec, a global leader in premium seamless tubular solutions, has successfully completed the sale of its subsidiary, Serimax, a company renowned for its expertise in manual and mechanized orbital welding solutions. The transaction was finalized for an enterprise value of €79 million, marking a significant milestone in Vallourec's ongoing strategy to optimize its resources and focus on its core competencies.
Transaction Overview
This strategic move is part of Vallourec's broader initiative to rationalize capital investments and streamline operations within its premium tubular solutions segment. The sale reflects Vallourec's commitment to enhancing operational efficiency and allowing Serimax to flourish independently. The company has demonstrated impressive growth, generating approximately €105 million in revenue recently.
Strengthening Serimax's Future
Under new ownership by Aldebaran, a French investment firm specializing in transforming small to mid-sized enterprises, Serimax now has an opportunity to expand its market presence significantly. Aldebaran's backing is expected to fuel Serimax’s ambitious growth plans, enabling it to leverage its position as a global leader in orbital welding solutions.
Vallourec's Continued Commitment to Excellence
Vallourec, with nearly 13,000 dedicated employees across more than 20 countries, remains focused on delivering innovative and reliable tubular solutions for various demanding industrial applications. Their products are essential in energy markets, particularly for oil and gas extraction in challenging environments, as well as for new-generation power plants and high-performance mechanics.
About Vallourec
Vallourec's pioneering spirit shines through its significant investment in research and development, consistently pushing technological limits. The company's standing on the Euronext Paris as part of the CAC Mid 60, SBF 120, and Next 150 indices underscores its robust position in the market. Vallourec's American Depositary Receipt (ADR) program allows international investors to hold shares in Vallourec with ease.
About Aldebaran Capital Partners
Aldebaran Capital Partners plays a vital role in the growth of small and mid-sized companies across France. Their mission is to support management teams through strategic transformations, offering financial and operational resources essential in times of transition. This partnership positions Serimax for success as it embarks on its new journey post-acquisition.
Contact Information
For further inquiries, please reach out to Vallourec’s investor relations:
Connor Lynagh
Tel: +1 (713) 409-7842
Email: connor.lynagh@vallourec.com
For Individual Shareholders:
Toll-Free (France): 0 805 65 10 10
Email: actionnaires@vallourec.com
Frequently Asked Questions
What led to Vallourec's decision to sell Serimax?
The sale aligns with Vallourec's strategy to optimize its capital and focus on its primary business of premium tubular solutions.
Who is financing Serimax's future after the acquisition?
Aldebaran, a French investment firm, has taken over Serimax and aims to support its growth and development.
What were Serimax’s revenue figures before the sale?
Serimax generated approximately €105 million in revenue recently, reflecting its successful operations prior to the sale.
How will Vallourec continue to operate after this transaction?
Vallourec remains focused on its core business of providing innovative tubular solutions to various industries, including oil and gas.
What is Vallourec’s standing in the stock market?
Vallourec is listed on Euronext Paris and is included in indices like CAC Mid 60, SBF 120, and Next 150, highlighting its solid market presence.
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