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M&A Deal Summary

Schlumberger Acquires Smith International

On August 27, 2010, Schlumberger acquired energy services and equipment company Smith International for 11.0B USD

Acquisition Highlights
  • This is Schlumberger’s 11th transaction in the Energy Services and Equipment sector.
  • This is Schlumberger’s 2nd largest (disclosed) transaction.
  • This is Schlumberger’s 9th transaction in the United States.
  • This is Schlumberger’s 4th transaction in Texas.

M&A Deal Summary
Date 2010-08-27
Target Smith International
Sector Energy Services and Equipment
Buyer(s) Schlumberger
Deal Type Add-on Acquisition
Deal Value 11.0B USD

Target

Smith International

Houston, Texas, United States
Smith International was a US-based oilfield services company specializing in the design, manufacture, and supply of drill bits and other downhole tools for the oil and gas industry. Known for its flagship brand, Smith Bits, the company provided advanced drilling technologies and solutions aimed at improving drilling efficiency and reducing operational costs. Smith International was formed in 1936 and 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 26 of 48
Sector: Energy Services and Equipment M&A 11 of 25
Type: Add-on Acquisition M&A Deals 21 of 38
State: Texas M&A 4 of 10
Country: United States M&A 9 of 18
Year: 2010 M&A 4 of 4
Size (of disclosed) 2 of 7
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-16 ThruBit

Rosharon, Texas, United States

ThruBit is a oilfield services company supplying technology, information solutions and integrated project management that optimize drilling and reservoir performance for customers working in the oil and gas industry throughout the world.

Buy -
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