Vallourec to sell Logistics Group (Indonesia) for € 20 Million

Based in Batam, Indonesia, Logistics Group provides integrated port and logistics services to a growing variety of energy, industrial, construction and logistics clients, including Vallourec. Logistics Group is predominantly owned by PT Citra Tubindo, Vallourec’s Indonesian subsidiary specialized in heat treatment and premium threading. The transaction is expected to close in the fourth quarter 2024, subject to customary closing conditions including necessary regulatory approvals. Vallourec will continue to use Logistics Group’s services following the transaction close under similar contractual terms.

Philippe Guillemot, Chairman of the Board of Directors, and Chief Executive Officer commented: “The divestment of Logistics Group aligns with our strategy of refocusing on our core business and optimizing our capital employed. This transaction furthers our goal of creating a leaner, more agile asset base. I would like to thank the Logistics Group employees for their commitment to excellence as part of Vallourec. We look forward to our ongoing collaboration.”