# ArcelorMittal Tubular Products Jubail acquires Jubail Energy Services Company

ArcelorMittal Tubular Products Jubail (AMTPJ), a joint venture of ArcelorMittal and Saudi Arabia's Public Investment Fund, has completed the acquisition of Jubail Energy Services Company (Jesco) from TAQA Industrialization and Energy Services Company. The deal creates the sole seamless pipe producer in the Middle East with a combined capacity of 1 million tonnes per year.

- Type: Acquisition
- Announced: 2021-08-05
- Where: Jubail, Saudi Arabia
- Status: completed
- Capacity: 1 million tonnes per year
- Products: seamless pipes
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md) (investor)
- [Public Investment Fund](https://endata.com/companies/47932.md) (investor)
- [ArcelorMittal Tubular Products Jubail](https://endata.com/companies/56926.md) (acquirer)
- [Jubail Energy Services Company](https://endata.com/companies/56927.md) (target)
- [TAQA Industrialization and Energy Services Company](https://endata.com/companies/56928.md) (partner)

## Sources

- [eurometal.net](https://eurometal.net/arcelormittals-saudi-jv-completes-seamless-pipemaking-rival-acquisition/), 2021-08-05: "ArcelorMittal Tubular Products Jubail (AMTPJ) has completed the acquisition of Jubail Energy Services Company (Jesco) from TAQA Industrialization and Energy Services Company."

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