Vallourec to Sell Serimax to Aldebaran for $89.8 Million

Dow Jones

04/14

By Anthony O. Goriainoff

Vallourec said it will sell its mechanized welding solutions subsidiary, Serimax, to Aldebaran in a deal valued at 79 million euros ($89.8 million).

The French tubular solutions company on Monday said it expected to complete the sale in the next few months and that it was subject to consultation with the employee representative bodies, as well as other customary and regulatory procedures.

Vallourec said the sale to the French investment company was part of the initiatives to rationalize its invested capital and focus on its core business.

The company added that Serimax had undergone a rapid transformation and was now operating as a standalone company, which generated around 104 million euros in revenue for 2024.

"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 doesn't operate," it said.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

April 14, 2025 03:02 ET (07:02 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Goriainoff \n</p>\n<pre>\n \n</pre>\n<p>\n  Vallourec said it will sell its mechanized welding solutions subsidiary, Serimax, to Aldebaran in a deal valued at 79 million euros ($89.8 million). \n</p>\n<p>\n  The French tubular solutions company on Monday said it expected to complete the sale in the next few months and that it was subject to consultation with the employee representative bodies, as well as other customary and regulatory procedures. \n</p>\n<p>\n  Vallourec said the sale to the French investment company was part of the initiatives to rationalize its invested capital and focus on its core business. \n</p>\n<p>\n  The company added that Serimax had undergone a rapid transformation and was now operating as a standalone company, which generated around 104 million euros in revenue for 2024. \n</p>\n<p>\n  \"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 doesn't operate,\" it said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 14, 2025 03:02 ET (07:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VLOWY","symbol_name":"Vallourec SA","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2527970505","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2527970505","pubTimestamp":1744614120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Vallourec said it will sell its mechanized welding solutions subsidiary, Serimax, to Aldebaran in a deal valued at 79 million euros .The French tubular solutions company on Monday said it expected to complete the sale in the next few months and that it was subject to consultation with the employee representative bodies, as well as other customary and regulatory procedures.Vallourec said the sale to the French investment company was part of the initiatives to rationalize its invested capital and focus on its core business.The company added that Serimax had undergone a rapid transformation and was now operating as a standalone company, which generated around 104 million euros in revenue for 2024.\"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 doesn't operate,\" it said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"VLOWY":"Vallourec SA","BK4179":"石油天然气设备与服务"},"translate_title":"瓦卢瑞克将以8980万美元的价格将Serimax出售给Aldebaran","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VLOWY":0.9},"content_text":"By Anthony O. Goriainoff \n\n\n \n\n\n  Vallourec said it will sell its mechanized welding solutions subsidiary, Serimax, to Aldebaran in a deal valued at 79 million euros ($89.8 million). \n\n\n  The French tubular solutions company on Monday said it expected to complete the sale in the next few months and that it was subject to consultation with the employee representative bodies, as well as other customary and regulatory procedures. \n\n\n  Vallourec said the sale to the French investment company was part of the initiatives to rationalize its invested capital and focus on its core business. \n\n\n  The company added that Serimax had undergone a rapid transformation and was now operating as a standalone company, which generated around 104 million euros in revenue for 2024. \n\n\n  \"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 doesn't operate,\" it said. \n\n\n \n\n\n  Write to Anthony O. 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