Aldebaran to acquire Serimax from Vallourec for €79m.

Aldebaran, a French investment company, agreed to acquire Serimax, a provider of mechanized welding solutions, from Vallourec, a provider of premium seamless tubular solutions, for €79m. This transaction is part of the New Vallourec’s initiatives to rationalize its invested capital and focus the Group on its core business as a premium seamless tubular solutions provider.