Serimax, a Vallourec subsidiary, and Technip, has signed 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.
Technip and Serimax will combine their expertise and will deploy the Serimax welding technology at Technip’ spoolbases(1) and S-lay(2) vessels.
This will allow both partners to:
offer high end competitive capabilities to address operators’ capital investment constraints for future projects;
invest in joint R&D programs and innovative reel-lay welding solutions to meet the growing technical challenges of projects;