Serimax and Technip to enter into a strategic partnership for pipeline welding
Serimax, a Vallourec subsidiary, a world leader in offshore & onshore welding solutions, and Technip, a world leader in project management, engineering and construction for the energy industry, signed today an agreement in principle in order to achieve a strategic partnership in the domain of pipeline welding. In this respect, Technip, a long-lasting customer of Serimax, would acquire a minority stake in Serimax.
Technip and Serimax will combine their expertise and will deploy the Serimax welding technology at Technip’ spoolbases and S-lay vessels.
This will allow both partners to:
offer high end competitive capabilities to address operators’ capital investment constraints for future projects;
invest in joint R&D programs and innovative reel-lay welding solutions to meet the growing technical challenges of projects;
increase operational performance through enhanced productivity, improved scheduling and higher integration of the value chain.
This strategic partnership, which is subject to regulatory approvals, will include exclusive arrangements in the Reel-lay welding pipeline segment as well as research and development (R&D) related programs.
Serimax will remain an independent service and technology provider, and will continue to serve its clients in the offshore, onshore pipeline and fabrication markets.
About Serimax
Subsidiary of Vallourec, Serimax is a full service welding company offering fully integrated welding solutions for operations on land and at sea, in the most extreme conditions and challenging environments whilst being tailored to the specific needs and requirements of our clients.
About Technip
Technip is a world leader in project management, engineering and construction for the energy industry.
From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, our 36,000 people are constantly offering the best solutions and most innovative technologies to meet the world’s energy challenges.
Present in 48 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.
About Vallourec
Vallourec is a world leader in premium tubular solutions primarily serving the energy markets, as well as other industrial applications.
With over 23,000 employees in 2014, integrated manufacturing facilities, advanced R&D, and presence in more than 20 countries, Vallourec offers its customers innovative global solutions to meet the growing energy challenges of the 21st century.
