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M&A Deal Summary

Schlumberger Acquires Ødegaard & Danneskiold-Samsøe A/S

On May 8, 2006, Schlumberger acquired software company Ødegaard & Danneskiold-Samsøe A/S

Acquisition Highlights
  • This is Schlumberger’s 1st transaction in the Software sector.
  • This is Schlumberger’s 1st transaction in Denmark.

M&A Deal Summary
Date 2006-05-08
Target Ødegaard & Danneskiold-Samsøe A/S
Sector Software
Buyer(s) Schlumberger
Deal Type Add-on Acquisition

Target

Ødegaard & Danneskiold-Samsøe A/S

Copenhagen, Denmark
Ødegaard A/S, the Copenhagen-based supplier of advanced surface seismic data inversion software. Ødegaard, which will become part of WesternGeco, specializes in applications of seismic data to determine rock parameters critical to better reservoir characterization and improved oil and gas recovery.

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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 7 of 48
Sector: Software M&A 1 of 13
Type: Add-on Acquisition M&A Deals 6 of 38
Country: Denmark M&A 1 of 1
Year: 2006 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-22 WesternGeco

West Sussex, United Kingdom

WesternGeco, Ltd. provides reservoir imaging, monitoring, and development services.

Buy $2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-08 Aspen Technology - Key Production Optimization Technology

Bedford, Massachusetts, United States

Aspen Technology, Inc. - Key Production Optimization Technology is a provider of IT services in US.

Buy -
Mergr

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