Schlumberger - M&A Summary and Business Overview

Energy Services And EquipmentCompany

Schlumberger M&A Summary

Schlumberger has acquired 49 companies, including 4 in the last 5 years. A total of 10 acquisitions came from private equity firms. It has also divested 7 assets.

Schlumberger’s largest acquisition to date was in 2015, when it acquired Cameron International for $14.8B. It’s largest disclosed sale occurred in 2012, when it sold Wilson International to NOV for $800M. Schlumberger has acquired in 7 different US states, and 11 countries. The Company’s most targeted sectors include energy services and equipment (50%) and software (28%).

Schlumberger Business Overview

Where is Schlumberger headquartered?

Schlumberger is headquartered in Houston, Texas.

What is Schlumberger’s revenue?

Schlumberger disclosed revenue of 23,601M USD for 2020 and 32,917M USD for 2019.

How many employees does Schlumberger have?

Schlumberger has 86,000 employees.

What sector is Schlumberger in?

Schlumberger is an energy services and equipment company.

When was Schlumberger founded?

Schlumberger was founded in 1926.

M&A Summary

  • M&A Total Activity54
    • M&A Buy Activity47
    • M&A Sell Activity7
  • Total Sectors Invested 8
  • Total Countries Invested 11
  • M&A Buy/Sell Connections 23
  • M&A Advisors 5

Schlumberger

Schlumberger Ltd.

5599 San Felipe,
Houston, Texas 77042
United States,
www.slb.com

Schlumberger is an oilfield services company. Schlumberger offers technology, integrated project management and information solutions to customers working in the oil and gas industry. Schlumberger was formed in 1926 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 43 1 - 1 - 2 47
vol $30.3B $30.3B
Sell (0.4/yr) # 5 1 1 - - - 7
vol $922M $922M
  54

Most Recent M&A

Company Date Value Type
ChampionX Corp. 2024-04-02 - Add-on Acquisition
The Woodlands, Texas · www.championx.com
Aker Carbon Capture Holding AS 2024-03-27 - Add-on Acquisition
Lysaker, Norway · www.akercarboncapture.com
Gyrodata, Inc. 2022-10-26 - Add-on Acquisition
Houston, Texas · www.gyrodata.com
SPT Group AS 2021-03-31 - Divestiture
Kjeller, Norway · www.sptgroup.com
Schlumberger - North American Rod Lift Business 2020-11-02 - Divestiture
, Texas
BIA Separations d.o.o. 2020-11-02 - Add-on Acquisition
Ajdovščina, Slovenia · www.biaseparations.com
Peak Well Systems Pty Ltd. 2017-01-05 - Add-on Acquisition
Perth, Australia · www.peakwellsystems.com
Omron Oilfield and Marine, Inc. 2016-06-02 - Divestiture
Houston, Washington · www.oilfield.omron.com
Saltel Industries SAS 2016-06-01 - Add-on Acquisition
Bruz, France · www.saltel-industries.com
Meta Downhole Ltd. 2016-03-24 - Add-on Acquisition
Aberdeen, United Kingdom · www.metadownhole.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Smith International, Inc. 2010-08-27 Smith International, Inc. - Drilling Jar Product Line 2013-04-01 1
Houston, Texas Houston, Texas

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 24 (50%) 18.9B (62%) 1 (14%) -
Software 13 (27%) 12M (< 1%) 1 (14%) -
Oil/Gas Exploration 4 (8%) - - -
Semiconductors 1 (2%) 425M (1%) 2 (29%) 122M (13%)
Electrical Equipment 2 (4%) - - -
Information Technology 2 (4%) - - -
Distribution 1 (2%) 11.0B (36%) 1 (14%) 800M (87%)
Manufacturing 1 (2%) - - -
Business Services - - 1 (14%) -
Machinery - - 1 (14%) -
Total 48 $30.3B 7 $922M

By Geo

State/Country Buy Value Sell Value
United States 18 26.2B 5 922M
  Texas 10 25.8B 2 800M
  California 2 425M 2 122M
  Oklahoma 2 - - -
  Washington 1 - - -
  Utah 1 - - -
  Massachusetts 1 - - -
Canada 8 582M 1 -
  Alberta 6 582M 1 -
United Kingdom 7 2.4B - -
Norway 5 - 1 -
France 4 1.1B - -
Australia 1 - - -
Cyprus 1 - - -
Denmark 1 - - -
Germany 1 - - -
Italy 1 - - -
Slovenia 1 - - -
Domestic 18 (38%) 26.2B (87%) 5 (71%) 922M (100%)
Cross-border 30 (63%) 4.1B (13%) 2 (29%) -
Total 48 $30.3B 7 $922M

Top M&A Advisors

Financial Deals
Goldman Sachs
1
PPHB
1
Legal Deals
Akin Gump Strauss Hauer & Feld LLP
1
Gibson, Dunn & Crutcher
1
Baker Botts
1

Deal Values

buy # Total
> $1B 4 $29.3B
$100M to $1B 2 $1.0B
< $100M 1 $12M
TOTAL $30.3B
Largest Cameron International Corp.
$14.8B (2015-08-26)
sell # Total
$100M to $1B 2 $922M
TOTAL $922M
Largest Wilson International, Inc.
$800M (2012-05-31)

M&A Connections

Deals
Acquired from
Investor(s)
19%
9 (19%)
Strategic(s)
10%
5 (10%)
Divested to
Investor(s)
29%
2 (29%)
Strategic(s)
71%
5 (71%)

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