Tenaris said on 8 May that it had agreed to acquire Artrom Steel Tubes, a Romanian maker of steel and seamless pipes, for €86m.
Why Tenaris S.A. is buying Artrom Steel Tubes S.A.
Tenaris said the deal would expand its industrial pipe range and manufacturing footprint, strengthening its ability to serve customers in Europe's industrial segment.
Deal terms and financing
Tenaris is buying 100% of the share capital from US-based GLGH Steel for an aggregate €86m on a cash-free, debt-free basis, including a normalised level of working capital.
Regulatory approvals and timing
The deal needs EU competition clearance and Romanian government approvals; closing is expected in the fourth quarter of 2026.
Market context
Artrom operates a steel plant at Reșița with annual capacity of about 450,000 tonnes and a seamless pipe rolling mill at Slatina with capacity of up to 200,000 tonnes.
