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Tenaris to acquire Artrom Steel Tubes for EUR 86 million · Endata

◂ Announcements

May 8, 2026ACQUISITIONReșița and Slatina, Romania, Romania

Tenaris to acquire Artrom Steel Tubes for EUR 86 million

Tenaris S.A. has signed a definitive agreement to acquire 100% of Artrom Steel Tubes S.A. from GLGH Steel, LLC for EUR 86 million. Artrom operates a steelmaking facility in Reșița and a seamless pipe rolling facility in Slatina, Romania. Closing is expected in Q4 2026, subject to regulatory approvals.

Value

$94.0M (86.0M EUR)

Status

Announced

Capacity

steelmaking: 450,000 metric tons per year; seamless pipe rolling: 200,000 metric tons per year

Productsseamless steel pipesindustrial pipes

CompaniesTenaris acquirer Artrom Steel Tubes S.A. target GLGH Steel, LLC partner

Sectors#Steel and Metal Products

“Tenaris expects the acquisition to broaden its industrial pipe product range and manufacturing footprint, enhancing its service to European industrial customers.”stocktitan.net

1 source
stocktitan.netTenaris to buy Artrom Steel Tubes for EUR 86M | TS SEC Filing - Form 6-KStock TitanMay 8, 2026

Summarized from public sources; check the original articles before acting on it.

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