M&A Deal Summary

NOV Acquires Advanced Production and Loading AS

On December 8, 2010, NOV acquired energy services and equipment company Advanced Production and Loading AS from BW Offshore for 500M USD

Acquisition Highlights
  • This is NOV’s 10th transaction in the Energy Services and Equipment sector.
  • This is NOV’s 6th largest (disclosed) transaction.
  • This is NOV’s 2nd transaction in Norway.

M&A Deal Summary
Date 2010-12-08
Target Advanced Production and Loading AS
Sector Energy Services and Equipment
Buyer(s) NOV
Sellers(s) BW Offshore
Deal Type Divestiture
Deal Value 500M USD

Target

Advanced Production and Loading AS

Kolbjornsvik, Norway
website
Advanced Production and Loading AS (APL) is a supplier of turret mooring and offshore loading and offloading systems. APL is responsible for system development, design, engineering, fabrication and marketing/sales of Submerged Turret Loading and Submerged Turret Production systems for oil and gas applications.

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Buyer(S) 1

Buyer

NOV

Houston, Texas, United States

website

Category Company
Founded 1862
Sector Energy Services and Equipment
Employees32,307
Revenue 7.2B USD (2022)
DESCRIPTION
Entrance to National Oilwell Varco's corporate headquarters in Houston, Texas.
Entrance to National Oilwell Varco's corporate headquarters in Houston, Texas.

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.

DEAL STATS #
Overall 12 of 29
Sector (Energy Services and Equipment) 10 of 21
Type (Divestiture) 1 of 6
Country (Norway) 2 of 4
Year (2010) 1 of 1
Size (of disclosed) 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-08 Hochang Machinery Industries

Ulsan, South Korea

Hochang Machinery Industries Co., Ltd., is a manufacturing and fabrication business with facilities in Ulsan and Geoje, South Korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 Capital Valves

Wembley, United Kingdom

Capital Valves Ltd. provides drill string, extensive lifting and handling equipment and a broad offering of downhole drilling motors, bits and tools

Buy -

Seller(S) 1

SELLER

BW Offshore

Hamilton, Norway

website

Category Company
Founded 1982
Sector Energy Services and Equipment
Employees2,000
Revenue 774M USD (2022)
DESCRIPTION

BW Offshore is a provider of floating production services to the oil and gas industry. BW Offshore was founded in 1982 and is based in Hamilton, Bermuda.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (Norway) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Advanced Production and Loading AS

Kolbjornsvik, Norway

Advanced Production and Loading AS (APL) is a supplier of turret mooring and offshore loading and offloading systems. APL is responsible for system development, design, engineering, fabrication and marketing/sales of Submerged Turret Loading and Submerged Turret Production systems for oil and gas applications.

Buy -
Mergr

Product

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