M&A Deal Summary

NOV Acquires STSA Pte

On July 20, 2011, NOV acquired energy services and equipment company STSA Pte

Acquisition Highlights
  • This is NOV’s 13th transaction in the Energy Services and Equipment sector.
  • This is NOV’s 2nd transaction in Singapore.

M&A Deal Summary

Date 2011-07-20
Target STSA Pte
Sector Energy Services and Equipment
Buyer(s) NOV
Deal Type Add-on Acquisition

Target

STSA Pte

Singapore
STSA Pte Ltd., based in Singapore, services subsea blowout preventers ("BOP's") and related pressure control equipment for offshore drilling rigs in the Asia Pacific region. STSA is a provider in the BOP refurbishment market and maintains a world class machine shop capable of servicing all sizes of subsea BOPs and related pressure control equipment.

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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 16 of 29
Sector: Energy Services and Equipment M&A 13 of 21
Type: Add-on Acquisition M&A Deals 13 of 20
Country: Singapore M&A 2 of 2
Year: 2011 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-25 Conner Steel Products

San Angelo, Texas, United States

Conner Steel Products, Inc. a manufacturer of above ground steel and fiberglass storage tanks for the natural gas and oil industry and a leading provider of material handling and storage equipment used primarily by oil and gas service companies in the well fracturing process.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-26 Sara Sae Pvt.

Dehradun, India

Sara Sae Pvt. Ltd. is a manufacture of hi-tech drilling equipments for land and jack-up rigs like BOP Accumulators, hydraulic tongs, hammer unions, swivel joints. Sara, along with its subsidiary CPC, has the largest market share of surface BOP control systems. Sara also specializes in ring joint gaskets, hammer unions, flow iron equipment, handling equipment and other fast-moving goods used in drilling, fracking and completion segments.

Sell -