“We are delighted Technip has the confidence in and has selected Serimax, to further support their future project developments. It is a clear recognition of Serimax’s capability. Together, we can combine our respective areas of expertise to develop an integrated technical and commercial solution.”
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Serimax, a Vallourec subsidiary, a world leader in offshore & onshore welding solutions, and Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY), 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.