# NOV to acquire Vallourec Drilling Products for $63 million

Vallourec received a binding offer from NOV to purchase its Vallourec Drilling Products business for $63 million cash. The deal covers industrial activities in North America, the Middle East, the Netherlands, and France (Aulnoye-Aymeries plant).

- Type: Acquisition
- Announced: 2017-12-18
- Where: Aulnoye-Aymeries, Hauts de France, France
- Value: $63.0M
- Status: announced
- Products: drill pipes, drilling accessories, tubular products
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Vallourec](https://endata.com/companies/335.md) (target)
- [NOV](https://endata.com/companies/1147.md) (acquirer)

## Sources

- [rogtecmagazine.com](https://www.rogtecmagazine.com/nov-acquire-vallourec-drilling-products-63m/), 2017-12-18: "Vallourec announces that, after negotiations run with the US oil services company NOV, it has received a binding offer for the purchase of Vallourec Drilling Products business, for a total cash amount of US$63 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.