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.
SERIMAX, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.3x).
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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.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 50M - 150M EUR
Revenue range: 100M - 200M EUR
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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