M&A Deal Summary

Weatherford Acquires V-Tech AS

On February 28, 2008, Weatherford acquired energy services and equipment company V-Tech AS

Acquisition Highlights
  • This is Weatherford’s 4th transaction in the Energy Services and Equipment sector.
  • This is Weatherford’s 2nd transaction in Norway.

M&A Deal Summary

Date 2008-02-28
Target V-Tech AS
Sector Energy Services and Equipment
Buyer(s) Weatherford
Deal Type Add-on Acquisition

Target

V-Tech AS

Kristiansand, Norway
V-Tech AS is a provider of innovative products and services to connect and disconnect drill pipe, casing, and production tubing used in oil and gas production and drilling.

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Buyer(S) 1

Buyer

Weatherford

Houston, Texas, United States

Category Company
Founded 1972
Sector Energy Services and Equipment
Employees19,000
Revenue 5.5B USD (2024)
DESCRIPTION
Weatherford office in Houston, Texas.
Weatherford office in Houston, Texas.

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 6 of 16
Sector: Energy Services and Equipment M&A 4 of 8
Type: Add-on Acquisition M&A Deals 6 of 16
Country: Norway M&A 2 of 2
Year: 2008 M&A 1 of 2
PREVIOUS DEAL
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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-18 International Logging

Houston, Texas, United States

International Logging, Inc. is a provider of well site geological logging services for the exploration and development of oil and gas wells.

Buy -