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M&A Deal Summary

Schlumberger Acquires Cameron

On August 26, 2015, Schlumberger acquired energy services and equipment company Cameron for 14.8B USD

Acquisition Highlights
  • This is Schlumberger’s 17th transaction in the Energy Services and Equipment sector.
  • This is Schlumberger’s largest (disclosed) transaction.
  • This is Schlumberger’s 14th transaction in the United States.
  • This is Schlumberger’s 8th transaction in Texas.

M&A Deal Summary
Date 2015-08-26
Target Cameron
Sector Energy Services and Equipment
Buyer(s) Schlumberger
Deal Type Add-on Acquisition
Deal Value 14.8B USD
Advisor(s) Credit Suisse Investment Banking (Financial)
Cravath, Swaine & Moore (Legal)

Target

Cameron

Houston, Texas, United States
Cameron office in Houston, Texas.
Cameron office in Houston, Texas.
Cameron is a global provider of pressure control, flow equipment, and processing systems for the oil, gas, and industrial sectors. Originally founded as Cameron Iron Works the firm has built a reputation for its wellhead systems, blowout preventers, valves, and processing equipment. Cameron was formed in 1833 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Schlumberger

Houston, Texas, United States
Category Company
Founded 1926
Sector Energy Services and Equipment
Employees111,000
Revenue 36.3B USD (2024)
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 39 of 48
Sector: Energy Services and Equipment M&A 17 of 25
Type: Add-on Acquisition M&A Deals 30 of 38
State: Texas M&A 8 of 10
Country: United States M&A 14 of 18
Year: 2015 M&A 2 of 3
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 Schlumberger Business Consulting

United States

Schlumberger Business Consulting is a management consulting provider in the upstream oil and gas industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-16 Fluid Inclusion Technologies

Broken Arrow, Oklahoma, United States

Fluid Inclusion Technologies, Inc. is an oil and gas service company specializing in laboratory analysis of trapped fluids in rock material, and advanced borehole gas analysis on drilling wells.

Buy -
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