M&A Deal Summary

NOV Acquires Grant Prideco

On April 21, 2008, NOV acquired energy services and equipment company Grant Prideco for 7.4B USD

Acquisition Highlights
  • This is NOV’s 8th transaction in the Energy Services and Equipment sector.
  • This is NOV’s largest (disclosed) transaction.
  • This is NOV’s 6th transaction in the United States.
  • This is NOV’s 4th transaction in Texas.

M&A Deal Summary

Date 2008-04-21
Target Grant Prideco
Sector Energy Services and Equipment
Buyer(s) NOV
Deal Type Add-on Acquisition
Deal Value 7.4B USD
Advisor(s) Credit Suisse Investment Banking (Financial)

Target

Grant Prideco

Houston, Texas, United States
Grant Prideco, Inc. a drill stem technology and drill pipe manufacturing, a drill bit technology and manufacturing, and high-performance engineered connections and premium tubular products.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

NOV

Houston, Texas, United States

Category Company
Founded 1862
Sector Energy Services and Equipment
Employees34,010
Revenue 8.9B USD (2024)
DESCRIPTION
Entrance to National Oilwell Varco's corporate headquarters in Houston, Texas.
Entrance to National Oilwell Varco's corporate headquarters in Houston, Texas.

NOV is a provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. NOV was formed in 1862 and is based in Houston, Texas.


DEAL STATS #
Overall 9 of 29
Sector: Energy Services and Equipment M&A 8 of 21
Type: Add-on Acquisition M&A Deals 7 of 20
State: Texas M&A 4 of 11
Country: United States M&A 6 of 15
Year: 2008 M&A 1 of 1
Size (of disclosed) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-28 Kreiter Geartech

Houston, Texas, United States

Kreiter Geartech is a manufacturer of precision gearing solutions. The Company’s services include the design, manufacture, repair and refurbishment of gearbox systems and loose gearing components.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-08 Hochang Machinery Industries Co.

Ulsan, South Korea

Hochang Machinery Industries Co., Ltd., is a manufacturing and fabrication business with facilities in Ulsan and Geoje, South Korea.

Buy -