mynth
04/2025

SERIMAX acquired by ALDEBARAN CAPITAL

FRANCE Industrial Services / Other Works / Welding & Piping Services EV 50M - 150M EUR

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 LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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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

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Multiples

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EV / EBITDA

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Historical Financials (EUR)

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2024
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REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SERIMAX by ALDEBARAN CAPITAL are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: serimax

Acquirer: aldebaran capital