M&A Deal Summary

Baker Hughes Acquires Oil Dynamics

On June 24, 1997, Baker Hughes acquired machinery company Oil Dynamics from Baker Hughes for 32M USD

Acquisition Highlights
  • This is Baker Hughes’ 1st transaction in the Machinery sector.
  • This is Baker Hughes’ 4th largest (disclosed) transaction.
  • This is Baker Hughes’ 2nd transaction in the United States.
  • This is Baker Hughes’ 1st transaction in Oklahoma.

M&A Deal Summary
Date 1997-06-24
Target Oil Dynamics
Sector Machinery
Buyer(s) Baker Hughes
Sellers(s) Baker Hughes
Deal Type Divestiture
Deal Value 32M USD

Target

Oil Dynamics

Tulsa, Oklahoma, United States
ODI is a manufacturer of electric submersible pumps used to lift crude oil in producing regions worldwide.

Search 201,292 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 2 of 21
Sector (Machinery) 1 of 2
Type (Divestiture) 1 of 3
State (Oklahoma) 1 of 1
Country (United States) 2 of 11
Year (1997) 2 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-02-26 Petrolite

St Louis, Montana, United States

Petrolite Corp is chemical manufacturer based in st. Louis.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-03-03 Western Rock Bit Company Limited

Calgary, Alberta, Canada

Western Rock Bit is Baker Hughes' exclusive licensee and distributor for Hughes Christensen bits in Canada.

Buy $31M

Seller(S) 1

SELLER

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 1 of 10
Sector (Machinery) 1 of 3
Type (Divestiture) 1 of 10
State (Oklahoma) 1 of 2
Country (United States) 1 of 9
Year (1997) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-02-26 Petrolite

St Louis, Montana, United States

Petrolite Corp is chemical manufacturer based in st. Louis.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-03-03 Western Rock Bit Company Limited

Calgary, Alberta, Canada

Western Rock Bit is Baker Hughes' exclusive licensee and distributor for Hughes Christensen bits in Canada.

Buy $31M
Mergr

Product

Company

Legal