Varco International Acquires Chimo Equipment

On March 21, 2001, Varco International acquired energy services and equipment company Chimo Equipment from Peak Energy Services for 18M USD

This is Varco International’s 1st transaction in the Energy Services and Equipment sector.
This is Varco International’s largest (disclosed) transaction.
This is Varco International’s 1st transaction in Canada.
This is Varco International’s 1st transaction in Alberta.

M&A Deal Summary
Date	2001-03-21
Target	Chimo Equipment
Sector	Energy Services and Equipment
Buyer(s)	Varco International
Sellers(s)	Peak Energy Services
Deal Type	Divestiture
Deal Value	18M USD

Calgary, Alberta, Canada

Chimo Equipment Ltd. is a provider of drilling rig instrumentation equipment and services to the Canadian drilling market.

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Houston,, Texas, United States

Category	Company
Sector	Energy Services and Equipment

Varco International, Inc. provides drilling and well-servicing equipments, products, and services to the oil and gas industry worldwide.

DEAL STATS	#
Overall	1 of 1
Sector (Energy Services and Equipment)	1 of 1
Type (Divestiture)	1 of 1
State (Alberta)	1 of 1
Country (Canada)	1 of 1
Year (2001)	1 of 1
Size (of disclosed)	1 of 1

Calgary, Alberta, Canada

Category	Company
Founded	1996
Sector	Energy Services and Equipment

Peak Energy Services Ltd., is a diversified energy services organization providing oil field equipment and related services to the energy industry.

DEAL STATS	#
Overall	1 of 1
Sector (Energy Services and Equipment)	1 of 1
Type (Divestiture)	1 of 1
State (Alberta)	1 of 1
Country (Canada)	1 of 1
Year (2001)	1 of 1
Size (of disclosed)	1 of 1