Add-on Acquisition • Energy Services and Equipment

TMK Acquires Gulf International Pipe Industry

On December 3, 2012, TMK acquired energy services and equipment company Gulf International Pipe Industry

Acquisition Context
  • This is TMK’s 3rd transaction in the Energy Services and Equipment sector.
  • This is TMK’s 1st transaction in Oman.

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M&A Deal Summary

Date December 3, 2012
Target Gulf International Pipe Industry
Sector Energy Services and Equipment
Buyer(s) TMK
Deal Type Add-on Acquisition

Target Company

Gulf International Pipe Industry

Azaiba, Oman
Gulf International Pipe Industry LLC is a plant’s production capacity exceeds 200,000 tonnes of welded OCTG and line pipe for oil and gas industry annually. Currently GIPI supplies pipes to major oil and gas companies in the Gulf Cooperation Council (GCC) countries.
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Buyer Overview 1

Buyer

TMK

Moscow, Russia

Category Company
Founded 2001
Sector Metals/Mining
Revenue 429.0B RUB (2021)
DESCRIPTION

TMK is a manufacturer and supplier of steel pipe for the oil and gas industry, operating more than 30 production sites in the United States, Russia, Canada, Romania, Oman, and Kazakhstan and two R&D centers in Russia and the USA. TMK was founded in 2001 and is based in Moscow, Russia.


Deal Context for Buyer #
Overall 6 of 8
Sector: Energy Services and Equipment 3 of 4
Type: Add-on Acquisition 4 of 5
Country: Oman 1 of 1
Year: 2012 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-16 Kaztrubprom

Almaty, Kazakhstan

Kaztrubprom LLP is specializes in the threading and finishing of tubing and casing pipes used in the oil and gas industry. At present, the company’s production capacity is 60 thousand tonnes of pipes per year.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-24 Threading and Mechanical Key Premium

Abu Dhabi, United Arab Emirates

Threading and Mechanical Key Premium LLC is a provider of repair to pipes and underground equipment, as well as threading of connections on various components of pipe columns for oil and gas companies operating in the Arabian Gulf region.

Buy -