- New platform investment will operate under the name VALTI
- Significant synergies with the PrimoTECS Group
- High precision seamless tube manufacturer
- Revenues of EUR 50 million
Munich, 01 June 2022 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Vallourec Bearing Tubes (“VBT”) from Vallourec. The company strengthens the Engineering & Technology segment as a new platform investment and will operate under the new name VALTI in the future.
Headquartered in Montbard, Burgundy, in France, the company employs more than 200 people and generates revenues of approximately EUR 50 million. Vallourec Bearing Tubes is a European manufacturer of seamless precision steel tubes produced to the most demanding standards. As the second-largest player in the European bearing tubes market, the company supplies its products to various industries such as Bearings, Mechanical and Oil & Gas. For this purpose, VBT offers a comprehensive product range and customized dimensions according to customer requirements.