M&A Deal Summary

Tenaris Acquires Bredero Shaw

On August 14, 2023, Tenaris acquired energy services and equipment company Bredero Shaw from Mattr Infratech for 166M USD

Acquisition Highlights
  • This is Tenaris’ 1st transaction in the Energy Services and Equipment sector.
  • This is Tenaris’ 2nd largest (disclosed) transaction.
  • This is Tenaris’ 1st transaction in the Netherlands.

M&A Deal Summary
Date 2023-08-14
Target Bredero Shaw
Sector Energy Services and Equipment
Buyer(s) Tenaris
Sellers(s) Mattr Infratech
Deal Type Divestiture
Deal Value 166M USD

Target

Bredero Shaw

Leiden, Netherlands
Bredero Shaw is a pipe coating business that includes nine plants located in Canada, Mexico, Norway, Indonesia, the UAE, and the US, and several mobile concrete plants. The business also includes R&D facilities in Toronto and Norway and a wide IP/product portfolio. Bredero Shaw is based in Leiden, Netherlands.

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Buyer(S) 1

Buyer

Tenaris

Luxembourg, Luxembourg
Category Company
Founded 2001
Sector Energy Services and Equipment
Employees29,134
Revenue 14.9B USD (2023)
DESCRIPTION

Tenaris is a supplier of tubes and related services for the world’s energy industry and certain other industrial applications. The company delivers value to customers through product development, manufacturing excellence, and supply chain management. Tenaris was founded in 2001 and is headquarters in Luxembourg City.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 2 of 2
Country (Netherlands) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-22 IPSCO Tubulars

Camanche, Louisiana, United States

IPSCO Tubulars, Inc. is a U.S. domestic producer of seamless and welded OCTG and line pipe products, with an annual production capacity of 450,000 metric tons of steel bars, 400,000 metric tons of seamless pipe and 1,000,000 metric tons of welded pipe, and production facilities spread throughout the country.

Buy $1.2B

Seller(S) 1

SELLER

Mattr Infratech

Toronto, Ontario, Canada
Category Company
Sector Energy Services and Equipment
Employees5,938
Revenue 925M CAD (2023)
DESCRIPTION

Mattr Infratech is a growth-oriented, global energy services company that operates through eight divisions which focus on technology-based products and services for the pipeline and pipe services market and the petrochemical and industrial market with manufacturing and service facilities located in over fifteen countries around the world. Mattr Infratech is based in Toronto, Ontario.

DEAL STATS #
Overall 4 of 5
Sector (Energy Services and Equipment) 4 of 5
Type (Divestiture) 4 of 5
Country (Netherlands) 2 of 2
Year (2023) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 Shaw Pipeline Services

Tulsa, Oklahoma, United States

Shaw Pipeline Services is a provider of non-destructive, ultrasonic, and radiographic pipeline girth weld inspection technology and services to the North American onshore and global offshore pipeline markets. Shaw Pipeline Services is based in Tulsa, Oklahoma.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-16 Thermotite do Brasil

Serra, Brazil

Thermotite do Brasil is a specialized provider of thermal insulation pipe coating services for the offshore oil and gas industry. Thermotite do Brasil is based in Serra, Brazil.

Sell $18M
Mergr

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