Tenaris S.A., together with its subsidiaries, produces and sells seamless and welded steel tubular products; and provides related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, cold-drawn pipes, and premium joints and couplings; coiled tubing products for oil and gas drilling and workovers, and subsea pipelines; and umbilical tubing products; and tubular accessories. It also provides sucker rods, industrial equipment, heat exchangers, and utility conduits for buildings, as well as sells energy and raw materials. In addition, it offers financial services. The company operates in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Tenaris S.A. was incorporated in 2001 and is based in Luxembourg, Luxembourg. Tenaris S.A. is a subsidiary of Techint Holdings S.à r.l.

Tenaris S.A. has agreed to acquire 100% of Artrom Steel Tubes S.A. for EUR 86 million. The Romanian manufacturer produces steel and seamless steel tubes with annual capacity of approximately 450,000 metric tons of steel and 200,000 metric tons of seamless tube rolling. The acquisition is expected to close in Q4 2026, subject to regulatory approvals, and aims to expand Tenaris's industrial tube product offerings and capacity in the European industrial market.

Tenaris acuerda adquirir las operaciones de fabricación de tubos sin costura de Artrom Steel Tubes S.A. en Rumania

Tenaris announced a definitive agreement to acquire 100% of Artrom Steel Tubes S.A. from GLGH Steel, LLC for EUR 86 million on a cash-free, debt-free basis. The Romanian seamless pipe manufacturer operates facilities in Reșița and Slatina with combined annual capacity of approximately 450,000 metric tons for steelmaking and 200,000 metric tons for seamless pipe rolling. The acquisition is expected to close in Q4 2026, subject to EU competition clearance and Romanian government approvals, and will expand Tenaris's industrial pipe product range and European manufacturing footprint.

Tenaris to Acquire Artrom Steel Tubes S.A. seamless pipe manufacturing plant in Romania

Tenaris S.A. has entered into a definitive agreement to acquire 100% of Artrom Steel Tubes S.A., a Romanian steel pipe manufacturer, for EUR 86 million on a cash-free, debt-free basis. The acquisition is expected to close in Q4 2026, subject to EU and Romanian regulatory approvals. The deal aims to expand Tenaris's industrial pipe product range and strengthen its European market presence.

Tenaris SA ADR (TS) Stock Price, Analysis & Trade Signals