Schlumberger Announces Agreement to Sell Wilson International Inc.
10 Abril 2012 - 9:15PM
Business Wire
Schlumberger Limited (NYSE:SLB) announced today that it has
entered into an agreement with National Oilwell Varco, Inc.
(NYSE:NOV) to sell its Wilson distribution business. Schlumberger
acquired Wilson International Inc. as part of the acquisition of
Smith International in 2010. Closing of the transaction is subject
to customary regulatory approvals.
“Schlumberger’s global supply chain has benefited from Wilson’s
best-in-class distribution practices and we look forward to working
with Wilson in the future,” commented Paal Kibsgaard, Schlumberger
Chief Executive Officer.
Founded in 1921, Wilson is a leading distributor of pipe, valves
and fittings as well as mill, tool and safety products and services
to the international energy business and to other industrial
customers. The company manages a distribution business of
approximately 200 sales and operations locations across the United
States with a growing presence in other key international
geographies. Wilson employs approximately 2,500 employees as a
standalone Schlumberger business unit.
About Schlumberger
Schlumberger is the world’s leading supplier of technology,
integrated project management and information solutions to
customers working in the oil and gas industry worldwide. Employing
more than 113,000 people representing over 140 nationalities and
working in approximately 85 countries, Schlumberger provides the
industry’s widest range of products and services from exploration
through production.
Schlumberger Limited has principal offices in Paris, Houston and
The Hague, and reported revenues of $39.54 billion in 2011. For
more information, visit www.slb.com.
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