LUXEMBOURG, May  08, 2026  (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS; EXM Italy: TEN) announced today that it has entered into a definitive agreement to acquire from GLGH Steel, LLC, a U.S.-based company,

Tenaris to Acquire Artrom Steel Tubes S.A. seamless pipe manufacturing plant in Romania

Tenaris Acquires Artrom Steel Tubes to Expand European Presence

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>LUXEMBOURG, May  08, 2026  (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS; EXM Italy: TEN) announced today that it has entered into a definitive agreement to acquire from GLGH Steel, LLC, a U.S.-based company,</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Tenaris S.A. has announced a definitive agreement to acquire Artrom Steel Tubes for EUR 86 million. The acquisition aims to enhance Tenaris&#039;s manufacturing capability in Europe, potentially driving future revenue growth in the industrial segment.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Tenaris to acquire Artrom Steel Tubes for EUR 86 million.</li><li>Deal expected to enhance Tenaris&#039;s product range in Europe.</li><li>Approval from EU and Romanian authorities needed for the acquisition.</li><li>Artrom produces 450,000 metric tons of steel annually.</li><li>Closing anticipated in Q4 2026.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Tenaris S.A. (TS)</strong>: Market leader in steel tubes, poised for growth.</li><li><strong>GLGH Steel, LLC</strong>: Seller of Artrom, impacting Tenaris&#039;s acquisition strategy.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This acquisition falls under &#039;Corporate Developments&#039; as it fundamentally enhances Tenaris&#039;s capabilities and market position in the industrial pipe segment, fitting well within their strategic growth initiatives.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Strategic acquisition may strengthen market position in Europe.</li><li>Dependent on EU regulatory approval timeline for deal closure.</li><li>Potential revenue growth from expanded product offerings.</li><li>Investor sentiment could improve with anticipated synergies from the acquisition.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Tenaris acquires Artrom for EUR 86 million.</li><li>Artrom has an annual steelmaking capacity of 450,000 metric tons.</li><li>The acquisition expected to close in Q4 2026.</li><li>Regulatory approvals required from EU and Romanian authorities.</li><li>Artrom&#039;s seamless pipe rolling capacity is 200,000 metric tons.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>TS may see increased investor confidence, leading to price appreciation within the next 6-12 months.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">LUXEMBOURG, May  08, 2026  (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS; EXM Italy: TEN) announced today that it has entered into a definitive agreement to acquire from GLGH Steel, LLC, a U.S.-based company, 100% of the share capital of Artrom Steel Tubes S.A., for an aggregate purchase price of EUR 86 million, on a cash-free and debt-free basis, including a normalized level of working capital.</p>  <p align="justify">The transaction is subject to customary regulatory conditions, including clearance from the European Union competition authorities and Romanian government approvals. Closing is expected to occur during the fourth quarter of 2026.</p>  <p align="justify">Artrom Steel Tubes S.A. is a Romanian manufacturer of steel and seamless steel pipes, with annual steelmaking capacity of approximately 450,000 metric tons at its facility in Reșița, and seamless pipe rolling capacity of up to 200,000 metric tons at its Slatina facility. The acquisition is expected to expand Tenaris's industrial pipe product range and manufacturing footprint, strengthening its ability to serve customers in the European industrial segment.</p>  <p align="justify"><em>Some of the statements contained in this press release are "forward-looking statements". Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment programs by oil and gas companies.</em></p>  <p align="justify"><em>Tenaris is a leading global supplier of steel tubes and related services for the world's energy industry and certain other industrial applications.</em></p>  <p align="justify"><em>Giovanni Sardagna<br></br>Tenaris<br></br>1-888-300-5432<br></br>www.tenaris.com<br></br></em></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxNjgxNSM3NTkzNTI5IzIwMDY0NTQ="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/Njk1YzMzY2YtN2ZlMS00ZTUxLWFlNTAtNGNjMjhkNjdlNTllLTEwMTgwMjctMjAyNi0wNS0wOC1lbg==/tiny/Tenaris-SA.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/8f042d37-1c49-474c-87c9-8dfd9401d2c1"><img src="https://ml.globenewswire.com/media/8f042d37-1c49-474c-87c9-8dfd9401d2c1/small/tenaris-jpg.jpg" border="0" width="150" height="44" alt="Primary Logo"></img></a></p>

Tenaris S.A. has announced a definitive agreement to acquire Artrom Steel Tubes for EUR 86 million. The acquisition aims to enhance Tenaris's manufacturing capability in Europe, potentially driving future revenue growth in the industrial segment.

Tenaris to Acquire Artrom Steel Tubes S.A. seamless pipe manufacturing plant in Romania

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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