M&A Deal Summary

Schlumberger Acquires Geoservices SA

On March 24, 2010, Schlumberger acquired energy services and equipment company Geoservices SA from Astorg Partners and Intermediate Capital Group for 1.1B USD

Acquisition Highlights
  • This is Schlumberger’s 10th transaction in the Energy Services and Equipment sector.
  • This is Schlumberger’s 4th largest (disclosed) transaction.
  • This is Schlumberger’s 2nd transaction in France.

M&A Deal Summary

Date 2010-03-24
Target Geoservices SA
Sector Energy Services and Equipment
Buyer(s) Schlumberger
Sellers(s) Astorg Partners
Intermediate Capital Group
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

Geoservices SA

Roissy-en-France, France
Geoservices SA provides a critical niche business in drilling operations, and provides a number of services that help oil and gas companies to evaluate hydrocarbon reservoirs and to optimise field appraisal, development and production.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 24 of 48
Sector: Energy Services and Equipment M&A 10 of 25
Type: Add-on Acquisition M&A Deals 19 of 38
Country: France M&A 2 of 4
Year: 2010 M&A 2 of 4
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-01 Nexus Geosciences

Sugar Land, Texas, United States

Nexus Geosciences, Inc., a Houston-based provider of integrated seismic software and services for rapid imaging, modeling and interpretation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-08 IGEOSS Sarl

Montpellier, France

IGEOSS, a developer of structural geology software. IGEOSS provides geomechanical solutions for subsurface modeling, 2D and 3D structural restoration, and fracture characterization of complex geologic structures.

Buy -

Seller(S) 2

SELLER

Astorg Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 22.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Astorg Partners is a private equity firm that targets small to midcap company investments primarily in France and to a limited extent, Western Europe. Astorg Partners looks for companies valued between €400 million and €2 billion, requiring at least €15 million in equity. Areas of interest include healthcare, retail, distribution, hospitality, and professional services. Prospective transaction situations include leverage build-ups, divestitures, family transitions, and secondary buyouts. Astorg Partners was formed in 1998 and is based in Paris and has additional offices in London and Luxembourg.


DEAL STATS #
Overall 12 of 35
Sector: Energy Services and Equipment M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 8
Country: France M&A 12 of 27
Year: 2010 M&A 2 of 3
Size (of disclosed) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-16 Sebia

Lisses, France

Sebia is a provider of clinical protein electrophoresis equipment and reagents, a technology used for in-vitro diagnostic testing. Its systems analyse proteins in order to screen and monitor various diseases and conditions; primarily oncology (Multiple Myeloma), metabolic disorders such as Diabetes and also Hemoglobinopathy and rare pathologies. Sebia was founded in 1967 and is headquartered in Lisses, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-24 Trescal

Rungis, France

Trescal provides a broad range of services for the test and measuring equipment market. Supplementing the standard technical services (verification, calibration and repair of T&M instruments), Trescal provides expertise in the implementation and acquisition of measurement systems, customized equipment pool management software solutions, metrology, technical support, and training. Trescal services customers in various sectors such as Defence, Aerospace, Aeronautics, Automotive, Power Generation & Utilities, Electronics Manufacturing, Communications and Medical & Chemistry. Trescal was founded in 2007 and is based in Rungis, France.

Sell €110M
SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 106 of 225
Sector: Energy Services and Equipment M&A 2 of 4
Type: Add-on Acquisition M&A Deals 26 of 69
Country: France M&A 30 of 59
Year: 2010 M&A 5 of 13
Size (of disclosed) 21 of 74
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-16 Sebia

Lisses, France

Sebia is a provider of clinical protein electrophoresis equipment and reagents, a technology used for in-vitro diagnostic testing. Its systems analyse proteins in order to screen and monitor various diseases and conditions; primarily oncology (Multiple Myeloma), metabolic disorders such as Diabetes and also Hemoglobinopathy and rare pathologies. Sebia was founded in 1967 and is headquartered in Lisses, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-26 Protection One

Romeoville, Illinois, United States

Protection One is a security provider, protecting residential, business, national account and integrated system customers at millions of locations. Protection One provides installation, maintenance and electronic monitoring of alarm systems to single-family residential, commercial, multifamily and wholesale customers. Protection One was founded in 1988 and is based in Romeoville, Illinois.

Sell $828M