M&A Deal Summary

NOV Acquires CE Drilling Products Inc

On July 8, 1999, NOV acquired energy services and equipment company CE Drilling Products Inc for 65M USD

Acquisition Highlights
  • This is NOV’s 2nd transaction in the Energy Services and Equipment sector.
  • This is NOV’s 8th largest (disclosed) transaction.
  • This is NOV’s 2nd transaction in the United States.

M&A Deal Summary

Date 1999-07-08
Target CE Drilling Products Inc
Sector Energy Services and Equipment
Buyer(s) NOV
Deal Type Add-on Acquisition
Deal Value 65M USD

Target

CE Drilling Products Inc

United States
CE Drilling is a provider of energy drilling equipment and consists of Emsco Drilling Machinery and Wilson Mobile Rigs.

Search 177,612 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

NOV

Houston, Texas, United States

website


Category Company
Founded 1862
Sector Energy Services and Equipment
Employees27,043
Revenue 5.5B USD (2021)
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 2 of 28
Sector (Energy Services and Equipment) 2 of 20
Type (Add-on Acquisition) 2 of 19
Country (United States) 2 of 14
Year (1999) 2 of 2
Size (of disclosed) 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-01 Dupre International

Louisiana, United States

Dupre International Inc. is a supplier of pipe, fittings, valves and valve automation services to energy-related industries, primarily in the Gulf coast region.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-21 Hitec A.S.

Stavanger, Norway

Hitec A.S. is an international supplier of advanced technology to the oil and gas industry.

Buy -