Investment Summary

NOV Invests In Sara Sae Pvt.

On August 1, 2007, NOV invested in energy services and equipment company Sara Sae Pvt. for 26M USD

Investment Highlights
  • This is NOV’s 7th transaction in the Energy Services and Equipment sector.
  • This is NOV’s 11th largest (disclosed) transaction.
  • This is NOV’s 1st transaction in India.
Investment Fate
  • Sara Sae Pvt. was sold to a consortium of buyers in 2011.
  • Sara Sae Pvt. was sold to a strategic buyer in 2016.

Investment Summary

Date 2007-08-01
Target Sara Sae Pvt.
Sector Energy Services and Equipment
Investor(s) NOV
Deal Type Stake Purchase
Deal Value 26M USD

Target

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.

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Investor(S) 1

Investor

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 7 of 29
Sector: Energy Services and Equipment M&A 7 of 21
Type: Stake Purchase M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2007 M&A 2 of 3
Size (of disclosed) 11 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-19 Gammaloy Holdings

Houston, Texas, United States

Gammaloy Holdings LP primarily rents non-magnetic drill collars, subs and stabilizers to directional and horizontal drilling companies, oil and gas companies, and non-conventional users, such as river and utility crossing companies. Gammaloy also has machine shops, which support operations as well as perform work for other oil service companies. Additionally, the company rents steel stabilizers and subs plus provides inspection services for all down-hole drilling tools and equipment.

Buy -
FOLLOWING 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 -