Announced
Financials
Sources
Tags
oil and gas
Oil Equipment and Services
Netherlands
Acquisition
Majority
Friendly
Cross Border
Private
Single Bidder
pipe coating
Pending
Synopsis
Tenaris, a steel pipes manufacturer, agreed to acquire Bredero Shaw International, a pipe coating solutions provider, from Mattr, a Canadian materials technology company, for $166m. "The business being acquired includes nine plants located in Canada, Mexico, Norway, Indonesia, the UAE and the US, and several mobile concrete plants. The business also includes world-class R&D facilities in Toronto and Norway and a wide IP/product portfolio," Tenaris.
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