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NOV Announces Definitive Agreement to Acquire the Completion Tools Business of Trican Well Service Ltd.
“The technologies acquired along with the talented team, which will continue to develop additional downhole completion solutions as part of the NOV family, make this transaction consistent with our strategy of investing in solutions which assist our customers in lowering their cost of supply.”
Closing of the transaction is expected on or around
Statements made in this press release that are forward-looking in nature
are intended to be “forward-looking statements” within the meaning of
Section 21E of the Securities Exchange Act of 1934 and may involve risks
and uncertainties. These statements may differ materially from the
actual future events or results. Readers are referred to documents filed
National Oilwell Varco, Inc.
Investor and Media Contact:
Loren Singletary, 713-346-7807
Vice President of Investor & Industry Relations
Mike Hart, 713-634-3181
Chief Sales Officer, Completion and Production Solutions