M&A Deal Summary |
|
|---|---|
| Date | 2020-11-02 |
| Target | Schlumberger - North American Rod Lift Business |
| Sector | Machinery |
| Buyer(s) | Lufkin |
| Sellers(s) | Schlumberger |
| Deal Type | Divestiture |
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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.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 5 |
| Sector (Machinery) | 2 of 3 |
| Type (Divestiture) | 1 of 1 |
| State (Texas) | 1 of 1 |
| Country (United States) | 2 of 3 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-02-08 |
Q2 Artificial Lift Services
Red Deer, Alberta, Canada Q2 Artificial Lift Services is a manufacturer of high-quality downhole rod pumps and components as well as provides specialized aftermarket repair services from 24 service locations strategically located throughout the oil and gas producing areas of the US and Canada. Q2 Artificial Lift Services was founded in 2016 and is based in Red Deer, Alberta. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-12-01 |
US Rod
Nappanee, Indiana, United States US Rod is an API-licensed manufacturer and provider of artificial lift products, including sucker rods, rod guides, couplings, pony rods, stabilizer and sinker bars. US Rod manufactures 100% US-made products at its state-of-the-art manufacturing facility in Nappanee, Indiana. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1926 |
| Sector | Energy Services and Equipment |
| Employees | 111,000 |
| Revenue | 33.1B USD (2023) |
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 | 6 of 7 |
| Sector (Machinery) | 1 of 1 |
| Type (Divestiture) | 5 of 6 |
| State (Texas) | 2 of 2 |
| Country (United States) | 5 of 5 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-02 |
BIA Separations d.o.o.
Ajdovščina, Slovenia BIA Separations develops and manufactures products for purification and analysis of large biomolecules, such as viruses, plasmids, and mRNA, which are used in cell and gene therapies and other advanced therapies. BIA's technology for manufacturing-scale purification is already used in the production of the first commercialized advanced therapeutics, and the company also has a strong presence with such novel drug candidates in the clinical pipeline. BIA Separations was formed in 1998 and is based in Ajdovščina, Slovenia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-31 |
SPT Group
Kjeller, Norway SPT Group provides a combination of software and consulting services to the international petroleum industry. The company's two main business activities are software development/sale and consulting work in multiphase flow and reservoir simulation. SPT Group was founded in 1989 and is based in Kjeller, Norway. |
Sell | - |
