M&A Deal Summary

Cameron Acquires SBS Oilfield Equipment

On February 5, 2008, Cameron acquired energy services and equipment company SBS Oilfield Equipment for 11M USD

Acquisition Highlights
  • This is Cameron’s 3rd transaction in the Energy Services and Equipment sector.
  • This is Cameron’s 8th largest (disclosed) transaction.
  • This is Cameron’s 1st transaction in Australia.

M&A Deal Summary

Date 2008-02-05
Target SBS Oilfield Equipment
Sector Energy Services and Equipment
Buyer(s) Cameron
Deal Type Add-on Acquisition
Deal Value 11M USD

Target

SBS Oilfield Equipment

Hönigsberg, Australia
SBS Oilfield Equipment GmbH, an Austrian based manufacturer of in-well rod lift pumping and progressive cavity pumping systems. SBS designs, builds and installs in-well rod lift pumping and progressive cavity pumping systems, and provides associated services. These systems include sucker rods, pony rods, rod guides, pumps, and anchors associated with artificial lift in producing wells.

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Buyer(S) 1

Buyer

Cameron

Houston, Texas, United States

Category Company
Founded 1833
Sector Energy Services and Equipment
Revenue 10.4B USD (2014)
DESCRIPTION
Cameron office in Houston, Texas.
Cameron office in Houston, Texas.

Cameron is a global provider of pressure control, flow equipment, and processing systems for the oil, gas, and industrial sectors. Originally founded as Cameron Iron Works the firm has built a reputation for its wellhead systems, blowout preventers, valves, and processing equipment. Cameron was formed in 1833 and is based in Houston, Texas.


DEAL STATS #
Overall 4 of 14
Sector: Energy Services and Equipment M&A 3 of 6
Type: Add-on Acquisition M&A Deals 4 of 10
Country: Australia M&A 1 of 1
Year: 2008 M&A 1 of 3
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 DES Operations

Aberdeen, United Kingdom

DES Operations Ltd. is a supplier of production enhancement technology, and developer of the unique Multiple Application Re-injection System (MARS™), which enables the installation of multiple processing technologies directly onto a subsea completion without disrupting existing flowlines or infrastructure.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-26 Jiskoot Holdings

Tunbridge Wells, United Kingdom

Jiskoot Holdings Ltd. engineers and manufactures hardware packages for crude oil sampling, blending and other related applications

Buy $17M