M&A Deal Summary

Baker Hughes Acquires Weatherford - Pipeline & Specialty Services Business

On September 2, 2014, Baker Hughes acquired energy services and equipment company Weatherford - Pipeline & Specialty Services Business from Weatherford for 250M USD

Acquisition Highlights
  • This is Baker Hughes’ 6th transaction in the Energy Services and Equipment sector.
  • This is Baker Hughes’ 2nd largest (disclosed) transaction.
  • This is Baker Hughes’ 9th transaction in the United States.
  • This is Baker Hughes’ 5th transaction in Texas.

M&A Deal Summary
Date 2014-09-02
Target Weatherford - Pipeline & Specialty Services Business
Sector Energy Services and Equipment
Buyer(s) Baker Hughes
Sellers(s) Weatherford
Deal Type Divestiture
Deal Value 250M USD

Target

Weatherford - Pipeline & Specialty Services Business

Houston, Texas, United States
Weatherford’s Pipeline & Specialty Services Group is a global provider of game-changing technologies for the pipeline and process industries. With almost 40 years experience in pigging and pig manufacturing Weatherford offers an extensive range of high-quality, reliable pigs either off the shelf or specially designed to suit clients’ specific requirements. Weatherford’s inspection tools utilise the latest technologies and expertise and include MFL/TFI, UTWM and UTCD, as well as SAAM® Smart Utility Pig and MultiCalSM 360. Additional pipeline services include cleaning, filling, testing, dewatering, drying, and purging. For every pigging requirement, Weatherford can provide a dependable solution.

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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 15 of 21
Sector (Energy Services and Equipment) 6 of 8
Type (Divestiture) 2 of 3
State (Texas) 5 of 7
Country (United States) 9 of 11
Year (2014) 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-08 Perfomix

Houston, Texas, United States

Perfomix is a software provider focused on offering solutions to support drilling, pressure pumping, completions and production operations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Lufkin

Missouri City, Texas, United States

Lufkin is a global provider of rod lift products, technologies, services and solutions, including automated control and optimization equipment and software for rod lift equipment to the oil and gas industry. Lufkin manufactures a complete line of surface pumping units, downhole sucker rod pumps and automation systems in six manufacturing and assembly facilities worldwide. Lufkin has an extensive global service footprint that operates throughout the oil-producing world. Lufkin was founded in 1902 and is based in Missouri City, Texas.

Buy -

Seller(S) 1

SELLER

Weatherford

Houston, Texas, United States
Category Company
Founded 1972
Sector Energy Services and Equipment
Employees18,500
Revenue 5.1B USD (2023)
DESCRIPTION
Weatherford office in Houston, Texas.
Weatherford office in Houston, Texas.

Weatherford is a diversified international energy service and manufacturing company that provides a variety of services and equipment to the exploration, production, and transmission sectors of the oil and gas industry. The Company operates in virtually every oil and gas exploration and production region in the world and divides its business into two separate segments: Drilling Services and Production Systems. Weatherford was formed in 1972 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 4
Sector (Energy Services and Equipment) 1 of 3
Type (Divestiture) 2 of 3
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-25 Petrowell

Aberdeen, United Kingdom

Petrowell Ltd. design and manufacture leading edge completions tools for oil and gas industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-22 Stratum Reservoir

Houston, Texas, United States

Stratum Reservoir operates customer-focused laboratories to enable the discovery and sustainable development of energy resources through applied geosciences. Stratum supports energy resource investment and divestiture strategies worldwide through the analysis and interpretation of rocks and fluids. Stratum specializes in reservoir characterization, laboratory services and instrumentation designed to deliver scientific insights in upstream, midstream and mining operations.

Sell $205M
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