One-Page Deal Sheet
NOV Acquires Completion Tools Business From Trican
National Oilwell Varco, Inc. Trican Well Service Ltd.
Announced Date
June 01,2016
Close Date
July 14,2016
Transaction Type
Asset
Location
Region
United States
Country
United States
Transaction Details: Subscribe to see
Closing Announcement - July 14, 2016
Trican Well Service Ltd. has closed its previously announced agreement with certain subsidiaries of National Oilwell Varco, Inc. for the sale of Trican's Completion Tools business with operations in Russia, Norway, the United States and Canada for aggregate gross proceeds of CAD$53.5 million.
The Transaction involves the sale of all material assets of Trican's subsidiaries, Trican Completion Solutions Ltd. (the Canadian business) and Trican Completion Solutions, LLC (the United States business) and all of Trican's direct and indirect equity interest in…
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