M&A Deal Summary

NOV Acquires Robbins & Myers

On February 20, 2013, NOV acquired machinery company Robbins & Myers for 2.5B USD

Acquisition Highlights
  • This is NOV’s 1st transaction in the Machinery sector.
  • This is NOV’s 3rd largest (disclosed) transaction.
  • This is NOV’s 11th transaction in the United States.
  • This is NOV’s 8th transaction in Texas.

M&A Deal Summary
Date 2013-02-20
Target Robbins & Myers
Sector Machinery
Buyer(s) NOV
Deal Type Add-on Acquisition
Deal Value 2.5B USD
Advisor(s) Citigroup Investment Banking (Financial)
Thompson Hine (Legal)

Target

Robbins & Myers

Willis, Texas, United States
Robbins & Myers, Inc., is a supplier of highly engineered, application critical equipment and systems for global pharmaceutical, energy, and industrial markets. Our success is based on close and continuing interaction with our customers, innovative products, application engineering and customer support, and a competitive manufacturing cost structure.

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Buyer(S) 1

Buyer

NOV

Houston, Texas, United States
Category Company
Founded 1862
Sector Energy Services and Equipment
Employees33,676
Revenue 8.6B USD (2023)
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 21 of 29
Sector (Machinery) 1 of 3
Type (Add-on Acquisition) 16 of 20
State (Texas) 8 of 11
Country (United States) 11 of 15
Year (2013) 1 of 1
Size (of disclosed) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-10 Fiberspar

Houston, Texas, United States

Fiberspar Corp. is a provider of energy services to oil and gas industry with a family of products to address the market requirements for a reliable, corrosion-resistant, cost-effective solution for tubulars used during the production and transportation of oil and gas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-02 DNOW

Houston, Texas, United States

DNOW is a provider of energy products to the worldwide energy and industrial market. DNOW was founded in 2013 and is based in Houston, Texas.

Sell -
Mergr

Product

Company

Legal