This transaction is part of the New Vallourec’s initiatives to rationalise its invested capital and focus the Group on its core business as a premium seamless tubular solutions provider.
As part of the New Vallourec plan, Serimax has undergone a rapid transformation and is now operating profitably as a standalone company. Serimax generated approximately €105 million of revenues in 2024.
Aldebaran will enable Serimax – a global leading provider of mechanised orbital welding solutions – to focus on its ambitious development.
Philippe Guillemot, Chairman of the Board of Directors, and Chief Executive Officer commented: “The New Vallourec plan has enabled Serimax to improve its operations and now to find, with Aldebaran, a new shareholder to support its future development in markets in which Vallourec does not operate. I would like to thank the Serimax team for the successful transformation. With this divestment, Vallourec continues its process of streamlining invested capital and focusing on its premium seamless tubular solutions.”
