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NOV - M&A Summary and Business Overview

Energy Services And EquipmentCompany

NOV M&A Summary

NOV has acquired 31 companies, including 2 in the last 5 years. A total of 8 acquisitions came from private equity firms. It has also divested 5 assets.

NOV’s largest acquisition to date was in 2008, when it acquired Grant Prideco for $7.4B. It’s largest disclosed sale occurred in 2024, when it sold Ameron Pole Products to Arcosa for $180M. NOV has acquired in 5 different US states, and 8 countries. The Company’s most targeted sectors include energy services and equipment (73%) and machinery (11%).

NOV Business Overview

Where is NOV headquartered?

NOV is headquartered in Houston, Texas.

What is NOV’s revenue?

NOV disclosed revenue of 8,870M USD for 2024 and 8,583M USD for 2023.

How many employees does NOV have?

NOV has 34,010 employees.

What sector is NOV in?

NOV is an energy services and equipment company.

When was NOV founded?

NOV was founded in 1862.

M&A Summary

  • M&A Total Activity34
    • M&A Buy Activity29
    • M&A Sell Activity5
  • Total Sectors Invested 7
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 14
  • M&A Advisors 2

NOV

NOV, Inc.

10353 Richmond Avenue,
Houston, Texas 77042
United States,
(346) 223-3000
www.nov.com

NOV is a provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. NOV was formed in 1862 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.2/yr) # 28 - - - 1 - 29
vol $14.8B $14.8B
Sell (0.4/yr) # 3 - - - 2 - 5
vol $360M $360M
  34
+240293031323334272835360

Most Recent M&A

Company Date Value Type
Ameron Pole Products LLC 2024-04-09 180M USD Divestiture
Pasadena, California · www.ameron.com
Ameron Pole Products 2024-03-11 180M USD Divestiture
Fillmore, California · www.ameronpoles.com
Extract Companies 2024-01-30 - Add-on Acquisition
Tulsa, Oklahoma · www.extractproduction.com
Essentra Pipe Protection Technologies 2019-01-14 48M USD Divestiture
Houston, Texas · www.essentrapipeprotection.com
GustoMSC BV 2018-06-04 - Add-on Acquisition
Schiedam, Netherlands · www.gustomsc.com
Flotek Industries - Drilling Technologies Division 2017-05-02 17M USD Divestiture
Houston, Texas
Fjords Processing AS 2016-10-27 145M NOK Divestiture
Fornebu, Norway · www.fjordsprocessing.com
Trican Well Service Ltd. - Completion Tools Business 2016-06-01 41M CAD Divestiture
Calgary, Alberta
Seabox AS 2015-04-21 - Add-on Acquisition
Sandnes, Norway · www.sea-box.no
Pfaudler International Sarl 2014-12-25 - Divestiture
Rochester, New York · www.pfaudler.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Grant Prideco, Inc. 2008-04-21 Tube-Alloy Businesses - Grant Pideco 2008-05-13 1
Houston, Texas · www.grantprideco.com Houston, Texas

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 21 (72%) 10.7B (72%) 2 (40%) -
Machinery 3 (10%) 2.5B (17%) 1 (20%) -
Building Materials 1 (3%) 777M (5%) 1 (20%) 180M (50%)
Distribution 1 (3%) 800M (5%) - -
Electrical Equipment 1 (3%) - - -
Engineering 1 (3%) - - -
Oil/Gas Exploration 1 (3%) - - -
Manufacturing - - 1 (20%) 180M (50%)
Total 29 $14.8B 5 $360M

By Geo

State/Country Buy Value Sell Value
United States 15 14.1B 4 360M
  Texas 11 13.3B 1 -
  California 1 777M 2 360M
  Oklahoma 1 - - -
  Louisiana 1 - - -
  New York - - 1 -
Norway 4 645M - -
Canada 3 41M - -
  Alberta 3 41M - -
India 1 26M 1 -
Singapore 2 - - -
United Kingdom 2 - - -
Netherlands 1 - - -
South Korea 1 - - -
Domestic 15 (52%) 14.1B (95%) 4 (80%) 360M (100%)
Cross-border 14 (48%) 712M (5%) 1 (20%) -
Total 29 $14.8B 5 $360M

Top M&A Advisors

Financial Deals
Goldman Sachs
 1
Legal Deals
Fulbright & Jaworski LLP
 1

Deal Values

buy # Total
> $1B 3 $12.4B
$100M to $1B 4 $2.2B
< $100M 5 $197M
TOTAL $14.8B
Largest Grant Prideco, Inc.
$7.4B (2008-04-21)
sell # Total
$100M to $1B 2 $360M
TOTAL $360M
Largest Ameron Pole Products
$180M (2024-03-11)

M&A Connections

Deals
Acquired from
Investor(s)
21%
6 (21%)
Strategic(s)
21%
6 (21%)
Divested to
Investor(s)
40%
2 (40%)
Strategic(s)
40%
2 (40%)

Company Summary

SECTOR

Energy Services and Equipment

Revenue

8,870   4% 2024
8,583   19% 2023
7,237   32% 2022
5,524   10% 2021
6,090   29% 2020
8,479   1% 2019
8,453   16% 2018
7,304   1% 2017
7,251   51% 2016
14,757   32% 2015
21,440   12% 2014
19,221   12% 2013
17,194   2012
(millions of USD) Show More Show Less

Employees

34,010

Established

1862

Public

NYSE: NOV

Former Name

National Oilwell Varco, Inc.

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