M&A Deal Summary |
|
|---|---|
| Date | 2007-06-29 |
| Target | ResLab Reservoir Laboratories AS |
| Sector | Energy Services and Equipment |
| Buyer(s) | Weatherford |
| Sellers(s) | Verdane |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1972 |
| Sector | Energy Services and Equipment |
| Employees | 19,000 |
| Revenue | 5.5B USD (2024) |
Weatherford is a diversified international energy service and manufacturing company that provides a variety of services and equipment to the exploration, production, and transmission sectors of the oil and gas industry. The Company operates in virtually every oil and gas exploration and production region in the world and divides its business into two separate segments: Drilling Services and Production Systems. Weatherford was formed in 1972 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 16 |
| Sector: Energy Services and Equipment M&A | 2 of 8 |
| Type: Add-on Acquisition M&A Deals | 4 of 16 |
| Country: Norway M&A | 1 of 2 |
| Year: 2007 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-01-01 |
High Pressure Integrity
Broussard, Louisiana, United States High Pressure Integrity, Inc. is a designer, developer and manufacturer of plug back products. It provides an equipment and services for more than 27 years. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-09-01 |
Rotary Laboratories
Midland, Texas, United States Rotary Laboratories is a provider of full diameter and sponge core analysis services for the oil and gas industry. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1985 |
| PE ASSETS | 1.2B EUR |
| Size | Large |
| Type | Sector Agnostic |
Verdane is a Norwegian private investment focused on acquiring portfolios of investments. In addition to secondary investing, Verdane also invests in co-investment pools as well as makes direct investments in individual growth companies. Sectors of interest include consumer products/services, software, energy, technology, and communications. Verdane provides support to portfolio owners to reduce exposure to private equity risk, achieve liquidity and free owners from the burden of managing direct investments. The majority of Verdane's investments are growth stage, however, the Firm can invest at any stage of development. Verdane was formerly known as Four Seasons Venture AS and was established in 1985. Verdane is based in Oslo, with additional offices in Helsinki and Stockholm.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 48 |
| Sector: Energy Services and Equipment M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 4 of 34 |
| Country: Norway M&A | 4 of 15 |
| Year: 2007 M&A | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-06-12 |
Nacre AS
Trondheim, Norway Intelligent Hearing System That combines adaptive hearing protection with the audio communication terminal capabilities. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-11-08 |
Coding Technologies AB
Stockholm, Sweden Coding Technologies AB Audio compression technologies. |
Sell | $250M |
