# Tenaris to acquire IPSCO Tubulars from TMK for $1.209 billion

Tenaris S.A. has entered into a definitive agreement to acquire IPSCO Tubulars, Inc., a U.S. producer of seamless and welded OCTG and line pipe, from PAO TMK for $1.209 billion. The transaction is subject to regulatory approvals.

- Type: Acquisition
- Announced: 2019-03-22
- Where: United States
- Value: $1.21B
- Status: announced
- Products: seamless and welded OCTG, line pipe
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Tenaris](https://endata.com/companies/2544.md) (acquirer)
- [PAO TMK](https://endata.com/companies/38169.md) (target)
- [IPSCO Tubulars](https://endata.com/companies/38170.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2019/03/22/1759343/0/en/Tenaris-to-Acquire-IPSCO-Tubulars-from-TMK.html), 2019-03-22: "This acquisition would mark a further step in our journey as a domestic producer and supplier to the U.S. oil and gas industry."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.