Serimax, Technip Enter Partnership for Pipeline Welding

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Serimax and Technip signed an agreement in principle in order to achieve a strategic partnership in the domain of pipeline welding. In this respect, Technip, a long-lasting customer of Serimax, would acquire a minority stake in Serimax. Technip and Serimax will combine their expertise and will deploy the Serimax welding technology at Technip’s spoolbases and S-lay vessels.
  This will allow both partners to: offer high end competitive capabilities to address operators’ capital investment constraints for future projects; invest in joint R&D programs and innovative reel-lay welding solutions to meet the growing technical challenges of projects; increase operational performance through enhanced productivity, improved scheduling and higher integration of the value chain.