M&A Deal Summary

Oceaneering International Acquires Stolt ROV Business Operations

On December 2, 2003, Oceaneering International acquired engineering company Stolt ROV Business Operations from Stolt Offshore BV for 50M USD

Acquisition Highlights
  • This is Oceaneering International’s 2nd transaction in the Engineering sector.
  • This is Oceaneering International’s 6th largest (disclosed) transaction.
  • This is Oceaneering International’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2003-12-02
Target Stolt ROV Business Operations
Sector Engineering
Buyer(s) Oceaneering International
Sellers(s) Stolt Offshore BV
Deal Type Divestiture
Deal Value 50M USD

Target

Stolt ROV Business Operations

Netherlands
Stolt ROV Business Operations including 34 work class ROVs, ancillary equipment, and related contracts and employees.

Search 192,500 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

Oceaneering International

Houston, Texas, United States

website

Category Company
Founded 1964
Sector Energy Services and Equipment
Employees8,300
Revenue 1.8B USD (2020)
DESCRIPTION
Oceaneering International's corporate headquarters in Houston, Texas.
Oceaneering International's corporate headquarters in Houston, Texas.

Oceaneering International is a provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries. Oceaneering International was formed in 1964 and is based in Houston, Texas.

DEAL STATS #
Overall 6 of 17
Sector (Engineering) 2 of 3
Type (Divestiture) 3 of 4
Country (Netherlands) 1 of 1
Year (2003) 6 of 7
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-30 Drill support ROV business

United Kingdom

drill support ROV business consisting of 82 remotely operated vehicles (ROVs), including 54 work class and 28 observation class, related contracts and employees, and significant subsea engineering, tooling, and products capabilities and capacity.

Buy $108M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-18 Medusa Spar

Canyon,, Mississippi, United States

Medusa Spar LLC is a limited liability company .The Company owns a 75% undivided ownership position in the spar production platform moored in over 2,200 feet of water on the Medusa field in the Gulf of Mexico, Mississippi Canyon Block 582.

Buy $45M

Seller(S) 1

SELLER

Stolt Offshore BV

Schiedam,, Netherlands
Category Company
Sector Engineering
DESCRIPTION

Stolt Offshore BV engages in the engineering services to oil and gas industry.

DEAL STATS #
Overall 1 of 1
Sector (Engineering) 1 of 1
Type (Divestiture) 1 of 1
Country (Netherlands) 1 of 1
Year (2003) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal