M&A Deal Summary

Dussur and Baker Hughes Acquire Oilfield And Water Management Chemicals

On March 29, 2022, private equity firm Dussur and Baker Hughes acquired chemicals company Oilfield And Water Management Chemicals

Acquisition Highlights
  • This is Dussur’s 1st and Baker Hughes’ 2nd transaction in the Chemicals sector.
  • This is Dussur’s 6th and Baker Hughes’ 1st transaction in Saudi Arabia.

M&A Deal Summary
Date 2022-03-29
Target Oilfield And Water Management Chemicals
Sector Chemicals
Buyer(s) Dussur
Baker Hughes
Deal Type Joint Venture

Target

Oilfield And Water Management Chemicals

Saudi Arabia
Oilfield And Water Management Chemicals is producing chemicals used in the processes of manufacturing extracted oil and water treatment. Oilfield And Water Management Chemicals was formed in 2022 and is based in Saudi Arabia.

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Buyer(S) 2

Buyer

Dussur

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Focused
DESCRIPTION

Dussur is a private equity firm focused on investments in Saudi Arabia through joint venture partnerships. The Firm generally seeks to invest in strategic industrial companies with a focus on the metals and specialty chemicals sectors. Dussur is headquartered in Riyadh, Saudi Arabia.

DEAL STATS #
Overall 7 of 8
Sector (Chemicals) 1 of 2
Type (Joint Venture) 6 of 6
Country (Saudi Arabia) 6 of 6
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 SeAH GSI

Al Khobar, Saudi Arabia

SeAH GSI is a manufacturer of seamless stainless-steel pipes and tubes with sizes ranging from 3 to 10 inches, which are distinguished by their ability to withstand high pressure, anti corrosion, and longer life than other tubes. SeAH GSI was formed in 2022 and is based in Al Khoba, Saudi Arabia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-09 Italmatch

Genoa, Italy

Italmatch is a chemical group, specialized in performance additives for water treatment, oil & gas, lubricants and plastics, and boasts a wide product range able to fulfil the requirements of the most demanding applications, including personal care. Italmatch was founded in 1997 and is based in Genoa, Italy.

Buy -
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 18 of 20
Sector (Chemicals) 2 of 2
Type (Joint Venture) 1 of 1
Country (Saudi Arabia) 1 of 1
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-18 ARMS Reliability

Ocean Grove, Australia

ARMS Reliability is a provider of reliability solutions to industrial companies across a wide range of industries including mining, oil and gas, power, manufacturing, and utilities. ARMS Reliability was founded in 1995 and is based in Ocean Grove, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 AccessESP

Houston, Texas, United States

AccessESP is a provider of unique rigless ESP conveyance solutions for the global oil industry. AccessESP has integrated two practical technologies into a solution that radically simplifies the conveyance of ESPs without the use of a rig. AccessESP clients maximize the value of ESP wells with greatly reduced intervention costs, minimized lost production, and full bore access to the reservoir. AccessESP is based in Houston, Texas.

Buy -
Mergr

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