National Oilwell Varco Wraps Up Wilson Deal With Schlumberger

Purchased distributor of pipe, valves fittings, mill, tools, safety products & services to international energy business.

National Oilwell Varco Inc., Houston, (NYSE: NOV) has completed the purchase of the Wilson distribution business held by Schlumberger Ltd., Houston, (NYSE: SLB) for an undisclosed price.

Wilson is a distributor of pipe, valves and fittings and 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 U.S. with a growing presence in other key international geographies. Wilson employs approximately 2,500 employees as a standalone Schlumberger business unit.

Schlumberger acquired Wilson International as part of the acquisition of Smith International in 2010.

Schlumberger chief executive Paal Kibsgaard says, “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.”

National Oilwell Varco president and CEO Pete Miller says, “We are happy to welcome Wilson’s employees to the National Oilwell Varco family and look forward to continuing the excellent service and products NOV and Wilson have to offer our customers.”