Tenaris has announced a definitive agreement to acquire 100% of the share capital of Artrom Steel Tubes S.A. from GLGH Steel, LLC, for a total purchase price of EUR 86 million on a cash-free and debt-free basis. 

The transaction remains subject to regulatory approvals, including clearance from European Union competition authorities and the Romanian government, with closing anticipated in the fourth quarter of 2026. 

Artrom Steel Tubes S.A. is a Romanian manufacturer of steel and seamless steel pipes, operating an annual steelmaking capacity of approximately 450,000 tons at its Reșița facility and seamless pipe rolling capacity of up to 200,000 tons at its Slatina plant. 

This strategic acquisition is expected to broaden Tenaris's industrial pipe product range and expand its manufacturing presence across Europe. The deal reinforces Tenaris's commitment to strengthening its ability to serve customers in the growing European industrial segment.