M&A Deal Summary

Liquid Robotics and Schlumberger Acquire Liquid Robotics Oil & Gas

On June 21, 2012, Liquid Robotics and Schlumberger acquired oil/gas exploration company Liquid Robotics Oil & Gas

Acquisition Highlights
  • This is Liquid Robotics’ 1st and Schlumberger’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Liquid Robotics’ 1st and Schlumberger’s 11th transaction in the United States.
  • This is Liquid Robotics’ 1st and Schlumberger’s 6th transaction in Texas.

M&A Deal Summary

Date 2012-06-21
Target Liquid Robotics Oil & Gas
Sector Oil/Gas Exploration
Buyer(s) Liquid Robotics
Schlumberger
Deal Type Joint Venture

Target

Liquid Robotics Oil & Gas

Houston, Texas, United States
Liquid Robotics Oil & Gas, a joint venture with Schlumberger, is an innovative new company providing environmental measurement services and products to oil & gas companies operating offshore worldwide.

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Buyer(S) 2

Buyer

Liquid Robotics

Sunnyvale, California, United States

Category Company
Founded 2007
Sector Technology Hardware
DESCRIPTION

Liquid Robotics, Inc. is a provider of autonomous maritime systems and developer of the Wave Glider ocean surface robot. Liquid Robotics persistent and versatile platforms utilized across the globe for ocean data observation, monitoring and surveillance break the economic and risk barriers to ocean data collection.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1
Buyer

Schlumberger

Houston, Texas, United States

Category Company
Founded 1926
Sector Energy Services and Equipment
Employees111,000
Revenue 36.3B USD (2024)
DESCRIPTION
Schlumberger office in Houston, Texas.
Schlumberger office in Houston, Texas.

Schlumberger is an oilfield services company. Schlumberger offers technology, integrated project management and information solutions to customers working in the oil and gas industry. Schlumberger was formed in 1926 and is based in Houston, Texas.


DEAL STATS #
Overall 30 of 48
Sector: Oil/Gas Exploration M&A 2 of 4
Type: Joint Venture M&A Deals 2 of 3
State: Texas M&A 6 of 10
Country: United States M&A 11 of 18
Year: 2012 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-31 Wilson International

Houston, Texas, United States

Wilson International, Inc. is a distributor of pipe, valves and fittings as well as mill, tool and safety products and services.

Sell $800M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-13 GeoKnowledge AS

Oslo, Norway

GeoKnowledge supplies the industry-leading GeoX software suite for exploration prospect risk, resource and value assessment, and is the corporate standard for more than 100 oil and gas companies worldwide.

Buy -