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Announced

Completed

Tenaris completed the acquisition of Shawcor from Mattr for $183m.

Financials

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Transaction Value£144m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Canada

pipe coating

Acquisition

Public

Cross Border

Majority

Single Bidder

Completed

Diversified Industrials

Synopsis

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Tenaris, a manufacturer and supplier of steel pipes and related services, completed the acquisition of Shawcor, a materials technology company, from Mattr for $183m. The business 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 Canada and Norway and a wide IP/product portfolio.

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