M&A Deal Summary

NOV Acquires Wilson International

On May 31, 2012, NOV acquired distribution company Wilson International from Schlumberger for 800M USD

Acquisition Highlights
  • This is NOV’s 1st transaction in the Distribution sector.
  • This is NOV’s 4th largest (disclosed) transaction.
  • This is NOV’s 9th transaction in the United States.
  • This is NOV’s 6th transaction in Texas.

M&A Deal Summary
Date 2012-05-31
Target Wilson International
Sector Distribution
Buyer(s) NOV
Sellers(s) Schlumberger
Deal Type Divestiture
Deal Value 800M USD

Target

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.

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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 19 of 29
Sector (Distribution) 1 of 1
Type (Divestiture) 2 of 6
State (Texas) 6 of 11
Country (United States) 9 of 15
Year (2012) 2 of 3
Size (of disclosed) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-11 Enerflow Industries

Calgary, Alberta, Canada

Enerflow Industries, Inc., a designer, develops oil field service equipments. Enerflow a fabricator and manufacturer of pressure pumping, blending, cementing, and other service equipment.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Schlumberger

Houston, Texas, United States
Category Company
Founded 1926
Sector Energy Services and Equipment
Employees111,000
Revenue 33.1B USD (2023)
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 3 of 7
Sector (Distribution) 1 of 1
Type (Divestiture) 3 of 6
State (Texas) 1 of 2
Country (United States) 3 of 5
Year (2012) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-26 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-21 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.

Buy -
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