Tenaris acquired isOplus’ oil and gas division, under the name of Tenaris Coating Italy, with a USD 10 million investment. As per Mr. Andrea Previtali , Tenaris Vice President Line Pipe and Process, and President of the newly acquired company, this investment enhances Tenaris’ value proposition in the offshore market. 

Jul 3, 2023

Tenaris has acquired the oil and gas division of the company isOplus, a producer of pre-insulated pipeline systems for district heating and anti-corrosion coatings in Europe, with a USD 10 million investment. The acquired business unit, now under the name of Tenaris Coating Italy, specializes in anti-corrosion coatings for oil and gas pipelines. The anti-corrosion coating can be applied to line pipe from Tenaris’s facilities in Italy, Mexico, Argentina and Brazil.

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“This investment enhances Tenaris’s value proposition in the offshore market,” said Mr. Andrea Previtali , Tenaris Vice President Line Pipe and Process, and President of the new company. “Through an integrated service package – under the name One Line™ – we can effectively support our customers in their most complex projects, coordinating the entire supply chain. This allows for reduced delivery times, ensures a high and consistent quality standard, minimizes logistical costs, and reduces the environmental footprint,” he said.