M&A Deal Summary

Baker Hughes Acquires Nova Technology

On January 31, 2006, Baker Hughes acquired energy services and equipment company Nova Technology for 70M USD

Acquisition Highlights
  • This is Baker Hughes’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Baker Hughes’ 3rd largest (disclosed) transaction.
  • This is Baker Hughes’ 3rd transaction in the United States.
  • This is Baker Hughes’ 1st transaction in Louisiana.

M&A Deal Summary
Date 2006-01-31
Target Nova Technology
Sector Energy Services and Equipment
Buyer(s) Baker Hughes
Deal Type Add-on Acquisition
Deal Value 70M USD

Target

Nova Technology

Broussard, Louisiana, United States
Nova is a supplier of permanent monitoring, chemical injection systems, and multi-line services for deepwater and subsea oil and gas well applications and has contracts in the Gulf of Mexico, West Africa, Sakhalin Island and Brazil.

Search 201,157 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

Baker Hughes

Houston, Texas, United States
Category Company
Sector Energy Services and Equipment
Employees57,000
Revenue 25.5B USD (2023)
DESCRIPTION

Baker Hughes is a provider of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company operates in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. Baker Hughes is headquartered in Houston, Texas.

DEAL STATS #
Overall 6 of 21
Sector (Energy Services and Equipment) 2 of 8
Type (Add-on Acquisition) 5 of 16
State (Louisiana) 1 of 1
Country (United States) 3 of 11
Year (2006) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-05 Baseline Technologies

Calgary, Alberta, Canada

Baseline Technologies, Inc. is a provider of pipeline integrity data management and decision support solutions to the pipeline industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-22 WesternGeco

West Sussex, United Kingdom

WesternGeco, Ltd. provides reservoir imaging, monitoring, and development services.

Sell $2.4B
Mergr

Product

Company

Legal