National Oilwell Varco Mergers and Acquisitions Summary

Energy Services And Equipment Company

National Oilwell Varco has acquired 29 companies, including 7 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 3 assets.

National Oilwell Varco’s largest acquisition to date was in 2008, when it acquired Grant Prideco for $7.4B. National Oilwell Varco has acquired in 4 different US states, and 8 countries. The Company’s most targeted sectors include energy services and equipment (72%) and machinery (11%).

Join Mergr and gain access to National Oilwell Varco’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the energy services and equipment sector.

M&A Summary

  • M&A Total Activity31
    • M&A Buy Activity28
    • M&A Sell Activity3
  • Total Sectors Invested 7
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 14
  • M&A Advisors 2

National Oilwell Varco, Inc.

7909 Parkwood Circle Drive,
Houston, Texas 77036
United States,
(713) 346-7500
www.nov.com

National Oilwell Varco, Inc. 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. National Oilwell Varco was formed in 1862 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (1.0/yr) # 23 2 1 1 1 - 28
vol $14.6B $186M $17M $48M $14.8B
Sell (0.0/yr) # 3 - - - - - 3
  31

Most Recent M&A

Company Date Value Type
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
The Artex Group LLC 2014-12-08 - Add-on Acquisition
Brenham, Texas · www.artexgroupllc.com
NOW, Inc. 2014-06-02 - Spin Off
Houston, Texas · www.distributionnow.com
Robbins & Myers, Inc. 2013-02-20 2.5B USD Add-on Acquisition
Willis, Texas · www.robn.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 20 (71%) 10.7B (72%) 2 (67%) -
Machinery 3 (11%) 2.5B (17%) 1 (33%) -
Building Materials 1 (4%) 777M (5%) - -
Distribution 1 (4%) 800M (5%) - -
Electrical Equipment 1 (4%) - - -
Engineering 1 (4%) - - -
Oil/Gas Exploration 1 (4%) - - -
Total 28 $14.8B 3 -

By Geo

State/Country Buy Value Sell Value
United States 14 14.1B 2 -
  Texas 11 13.3B 1 -
  Louisiana 1 - - -
  California 1 777M - -
  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 14 (50%) 14.1B (95%) 2 (67%) -
Cross-border 14 (50%) 712M (5%) 1 (33%) -
Total 28 $14.8B 3 -

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
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)

M&A Connections

Deals %
Acquired from
PE Firm(s)
50%
6 50%
Strategic(s)
50%
6 50%
Divested to
PE Firm(s)
100%
2 100%

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