National Oilwell Varco Completes Acquisition of Robbins & Myers
National Oilwell Varco, Inc. and Robbins & Myers, Inc. jointly announced that National Oilwell Varco’s acquisition of Robbins & Myers is complete.
Pete Miller, Chairman and CEO of NOV, remarked, “We are happy to have all of the Robbins & Myers employees around the world joining the National Oilwell Varco family. Robbins & Myers has an excellent reputation in the industries it serves, and the merger of these two companies will provide us with an incredible opportunity to expand the products and services offered to our customers. Everyone at NOV is excited about this great combination of historic companies and looks forward to the challenges ahead.”
Under the merger agreement for this transaction, Robbins & Myers shareholders will receive $60.00 in cash for each Robbins & Myers Common Share.
About Robbins & Myers, Inc.
Robbins & Myers, Inc. is a supplier of engineered, application-critical equipment and systems in global energy, chemical and other industrial markets.
About National Oilwell Varco, Inc.
National Oilwell Varco, Inc. is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations, the provision of oilfield services, and supply chain integration services to the upstream oil and gas industry.
Source: National Oilwell Varco