M&A Deal Summary

TotalEnergies Acquires Toshiba America LNG

On June 1, 2019, TotalEnergies acquired energy services and equipment company Toshiba America LNG from Toshiba for 15M USD

Acquisition Highlights
  • This is TotalEnergies’ 1st transaction in the Energy Services and Equipment sector.
  • This is TotalEnergies’ 8th largest (disclosed) transaction.
  • This is TotalEnergies’ 1st transaction in the United States.
  • This is TotalEnergies’ 1st transaction in Texas.

M&A Deal Summary

Date 2019-06-01
Target Toshiba America LNG
Sector Energy Services and Equipment
Buyer(s) TotalEnergies
Sellers(s) Toshiba
Deal Type Divestiture
Deal Value 15M USD

Target

Toshiba America LNG

Houston, Texas, United States
Toshiba America LNG Corp. exists to satisfy social needs of sustainability and energy demand by supplying LNG to customers and is responsible for coordinating and assembling the necessary infrastructure chain to produce U.S. LNG which can then be marketed by the broader Toshiba group to key focus geographies such as Latin America and the Caribbean.

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Buyer(S) 1

Buyer

TotalEnergies

Courbevoie, France

Category Company
Founded 1924
Sector Oil/Gas Exploration
Employees62,796
Revenue 195.6B USD (2024)
DESCRIPTION

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables, and electricity. TotalEnergies was founded in 1924 and is based in Courbevoie, France.


DEAL STATS #
Overall 12 of 25
Sector: Energy Services and Equipment M&A 1 of 2
Type: Divestiture M&A Deals 3 of 8
State: Texas M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2019 M&A 3 of 4
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-05 Anadarko Petroleum - Africa Assets

South Africa

Anadarko Petroleum Corp. - Africa Assets are Algeria: 24.5% participating interest and operatorship of blocks 404a and 208 (Hassi Berkine, Ourhoud, and El Merk fields) in the Berkine basin in which Total already owns 12.25%. These fields represented a gross production of 320 kboe/d in 2018. Ghana: 27% participating interest in the Jubilee field and 19% participating interest in the TEN fields. These fields represented a gross production of 143 kb/d in 2018. Mozambique: 26.5% participating interest and operatorship in Area 1 where a 12.8 million tonne per year LNG project is largely derisked and close to sanction. Area 1 contains more than 60 Tcf of gas resources, of which 18 Tcf will be developed with the first two train project which is expected to come into production by 2024. South Africa: exploration licences, close to Total’s recent Brulpadda discovery.

Buy $8.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 Total S.A. - UK non-core Assets

United Kingdom

Total S.A. - UK non-core Assets is an oil and gas producer.

Sell $635M

Seller(S) 1

SELLER

Toshiba

Tokyo, Japan

Category Company
Founded 1875
Sector Electronics
Employees116,224
Revenue 3.34T JPY (2022)
DESCRIPTION
Toshiba's corporate headquarters in Tokyo, Japan.
Toshiba's corporate headquarters in Tokyo, Japan.

Toshiba is a multinational engineering and electronics conglomerate. The Company manufactures and sells cellular phones, hard disc devices, optical disc devices, and televisions amongst other products. Toshiba was founded in 1875 and is based in Tokyo, Japan.


DEAL STATS #
Overall 6 of 6
Sector: Energy Services and Equipment M&A 2 of 2
Type: Divestiture M&A Deals 6 of 6
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 Westinghouse Electric

Cranberry Township, Pennsylvania, United States

Westinghouse Electric is providing nuclear energy technologies, products and services to utilities around the world. Its mission is to focus on a much broader goal; using the power of intellect, collaboration and innovation to build on the legacy of our founder, and to create a cleaner, safer and sustainable carbon-free future for generations to follow. Westinghouse Electric was founded in 1884 and is based in Cranberry Township, Pennsylvania.

Sell $4.6B