HOUSTON--(BUSINESS WIRE)--May. 31, 2012--
National Oilwell Varco, Inc. (NYSE:NOV) announced the closing of its
previously announced acquisition of Wilson distribution business segment
from Schlumberger Limited (NYSE:SLB). Wilson is a leading distributor of
pipe, valves and fittings as well as mill, tool and safety products and
Pete Miller, Chairman, President and CEO of National Oilwell Varco,
stated “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.”
National Oilwell Varco 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.
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 actual
future events or results. Readers are referred to documents filed by
National Oilwell Varco with the Securities and Exchange Commission,
including the Annual Report on Form 10-K, which identify significant
risk factors which could cause actual results to differ from those
contained in the forward-looking statements.
Source: National Oilwell Varco, Inc.
National Oilwell Varco, Inc.
Clay Williams, 713-346-7606