M&A Deal Summary

Halliburton Acquires Dresser

On February 26, 1998, Halliburton acquired energy services and equipment company Dresser for 7.7B USD

Acquisition Highlights
  • This is Halliburton’s 1st transaction in the Energy Services and Equipment sector.
  • This is Halliburton’s largest (disclosed) transaction.
  • This is Halliburton’s 2nd transaction in the United States.
  • This is Halliburton’s 1st transaction in Illinois.
Investment Fate
  • Dresser was divested to a consortium of buyers in 2001 for 1.6B USD.
  • Dresser was sold to a consortium of financial buyers in 2007.
  • Dresser was sold to a publicly-traded strategic buyer in 2010 for 3.0B USD.

M&A Deal Summary
Date 1998-02-26
Target Dresser
Sector Energy Services and Equipment
Buyer(s) Halliburton
Deal Type Merger
Deal Value 7.7B USD

Target

Dresser

Elk Grove Village, Illinois, United States
Dresser, Inc. provides highly engineered products for the global energy infrastructure. Dresser's broad portfolio of products includes valves, actuators, meters, switches, regulators, piping products, natural gas-fueled engines, retail fuel dispensers and associated retail point of sale systems, and air and gas handling equipment.

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Buyer(S) 1

Buyer

Halliburton

Houston, Texas, United States
Category Company
Founded 1919
Sector Energy Services and Equipment
Employees48,000
Revenue 23.0B USD (2023)
DESCRIPTION
Entrance to Halliburton's corporate headquarters in Houston, Texas.
Entrance to Halliburton's corporate headquarters in Houston, Texas.

Halliburton is a provider of services and products for the exploration, development, and production of oil and natural gas to oil and gas companies. The company operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton was founded in 1919 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 21
Sector (Energy Services and Equipment) 1 of 8
Type (Merger) 1 of 1
State (Illinois) 1 of 1
Country (United States) 2 of 17
Year (1998) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-07-02 Landmark Graphics

Houston, Texas, United States

Landmark Graphics Corporation is a provider of computer software and services to help the world's largest energy companies find and produce oil and gas.

Buy $525M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-10 Dresser

Elk Grove Village, Illinois, United States

Dresser, Inc. provides highly engineered products for the global energy infrastructure. Dresser's broad portfolio of products includes valves, actuators, meters, switches, regulators, piping products, natural gas-fueled engines, retail fuel dispensers and associated retail point of sale systems, and air and gas handling equipment.

Sell $1.6B
Mergr

Product

Company

Legal