Tenaris $1.2 billion acquisition of IPSCO Tubulars

27/3/2019
Private acquisition

$ 1.2 billion

Announced

27/3/2019


Overview:

  • Tenaris, a supplier of steel tubes for the energy industry, has acquired IPSCO Tubulars, a producer of seamless and welded OCTG (oil country tubular goods) and line pipe products, from PAO TMK, a Moscow-based steel pipe manufacturer, for $1.2 billion. 

Rani Mehta - Latin America Editor

 

 

Jurisdiction:

United States

Deal type:

Private acquisition

Practice area:

M&A

Industry sectors:

Industrials and manufacturing
Oil and gas


Firms:

Party: PAO TMK (Seller)

Party: IPSCO Tubulars (Target)


Party: Tenaris (Acquirer)


Party: Tenaris (Acquirer)