M&A Deal Summary

Schlumberger Acquires Saltel Industries SAS

On June 1, 2016, Schlumberger acquired energy services and equipment company Saltel Industries SAS

Acquisition Highlights
  • This is Schlumberger’s 20th transaction in the Energy Services and Equipment sector.
  • This is Schlumberger’s 4th transaction in France.

M&A Deal Summary

Date 2016-06-01
Target Saltel Industries SAS
Sector Energy Services and Equipment
Buyer(s) Schlumberger
Deal Type Add-on Acquisition

Target

Saltel Industries SAS

Bruz, France
Saltel Industries SAS is an engineering, manufacturing and service company that offers expandable patches and steel packers technology for the oil and gas industry.

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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 42 of 48
Sector: Energy Services and Equipment M&A 20 of 25
Type: Add-on Acquisition M&A Deals 33 of 38
Country: France M&A 4 of 4
Year: 2016 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-24 Meta Downhole

Aberdeen, United Kingdom

Meta Downhole Ltd. is an engineering and service company that offers technology and expertise to provide downhole metal-to-metal isolation solutions in well integrity applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-02 Omron Oilfield and Marine

Houston, Washington, United States

Omron Oilfield and Marine designs, manufactures, sells, and provides aftermarket services for automated drive and control systems, power houses, and drillers’ cabins. The company also offers software-based drilling technologies on a rental or subscription basis. Omron Oilfield and Marine was founded in Houston as Industrial Drive Maintenance, Inc. (IDM) in 1973.

Buy -