Vallourec Completes the Disposal of Serimax
Meudon (France), July 25th, 2025 – Vallourec, a world leader in premium seamless tubular solutions, announces today that it has finalized on July 24th the disposal process of Serimax, Vallourec's subsidiary specializing in manual and mechanized orbital welding solutions, for an enterprise value of €79 million.a
This transaction is part of Vallourec's initiatives to rationalize 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.
As a new shareholder, Aldebaran, a French investment company, will enable Serimax - a global leading provider of manual and mechanized orbital welding solutions - to continue its ambitious development.
About Vallourec
About Vallourec Vallourec is a world leader in premium tubular solutions for the energy markets and for demanding industrial applications such as oil & gas wells in harsh environments, new generation power plants, challenging architectural projects, and high-performance mechanical equipment. Vallourec's pioneering spirit and cutting- edge R&D open new technological frontiers. With close to 13,000 dedicated and passionate employees in more than 20 countries, Vallourec works hand-in-hand with its customers to offer more than just tubes: Vallourec delivers innovative, safe, competitive and smart tubular solutions, to make every project possible.
Listed on Euronext in Paris (ISIN code: FR0013506730, Ticker VK), Vallourec is part of the CAC Mid 60, SBF 120 and Next 150 indices and is eligible for Deferred Settlement Service. In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R4074, Ticker: VLOWY). Parity between ADR and a Vallourec ordinary share has been set at 5:1.About Aldebaran
Aldebaran Capital Partners is a French investment company dedicated to the transformation of small-and-mid-sized companies. Its mission is to support management teams in the success of their strategic and operational transformation. We back companies with strong fundamentals that are experiencing complexity (carve-out, family transition, consolidation, etc.), providing them with financial, human and organizational resources to unleash their full potential. Aldebaran is supported by leading institutions such as Bpifrance and the European Investment Fund. Aldebaran Capital Partners is regulated by AMF under the AIFM-D
For further information, please contact:
Investors relations:Connor LynaghTel : +1 (713) 409-7842connor.lynagh@vallourec.com
Individual shareholders:Toll free number (From France): 0 805 65 10 10actionnaires@vallourec.com
Press media Relation: Taddeo Romain GrièreTel : +33 (0)7 86 53 17 29 romain.griere@taddeo.fr Nicolas EscoulanTel : +33 (0)6 42 19 14 74 nicolas.escoulan@taddeo.fr
a €7 million will be paid via an earn-out.
Attachment
Vallourec_Press release_Serimax transaction closing
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