SERIMAX acquired by ALDEBARAN CAPITAL
Context
Serimax, a global specialist in advanced offshore and onshore welding solutions, is gaining independence from its parent company Vallourec. The subsidiary is being acquired by Aldebaran Capital Partners as part of the "New Vallourec" plan, which focuses on streamlining capital and refocusing on core activities. The management team, led by CEO Guillaume Graindor, will retain a minority stake in the newly independent entity.
In the past, Serimax was acquired by Vallourec in 2010 as part of its expansion strategy.
SERIMAX, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Business Services sector (11.4x).
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Target
Serimax operates as a global technical leader in mechanized welding services for highly complex pipeline projects. The organization functions as a mission-critical partner for international energy infrastructure, prioritizing precision and safety in the most demanding environments, including offshore and onshore installations. At the heart of its operations is a philosophy of total project integration, providing high-fidelity support from initial engineering phases to onsite execution and technical assistance. The entity differentiates itself through its proprietary hardware and custom-engineered equipment, ensuring high-quality standards and traceability in critical joint fabrication. Its strategy is fueled by a commitment to industrial modernization and a deliberate shift toward supporting the energy transition, particularly within carbon capture (CCUS) and low-carbon infrastructure.
Ent. Value
€50–150M
Equity Value
[members only]
Multiples
EV / Revenue
below 1.5x
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with SERIMAX
Other operations with SERIMAX
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 04/2010 | Vallourec | SERIMAX | FRANCE | Welding & Piping Services |
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REFERENCES
Valuation range: EV €50–150M
Revenue range: €100–200M
EV/Revenue range: below 1.5x
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: serimax
Acquirer: aldebaran capital