# Total Energy Services subsidiary to acquire Saxon Energy Services Australia for $37M

Savanna Energy Services Australia, a subsidiary of Total Energy Services Inc., agreed to acquire all shares of Saxon Energy Services Australia from SLB for $37 million in cash. Saxon owns 11 land drilling rigs in Australia.

- Type: Acquisition
- Announced: 2024-01-18
- Where: Brisbane, Australia, Australia
- Value: $37.0M
- Status: announced
- Products: land drilling rigs
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Total Energy Services Inc.](https://endata.com/companies/1085.md) (acquirer)
- [SLB](https://endata.com/companies/1561.md) (partner)
- [Saxon Energy Services Australia](https://endata.com/companies/75098.md) (target)

## Sources

- [rigzone.com](https://www.rigzone.com/news/total_energy_subsidiary_to_acquire_saxon_for_37mm-18-jan-2024-175424-article/), 2024-01-18: "Total Energy Services Inc. subsidiary Savanna Energy Services Australia Pty Ltd. is acquiring all the shares of Saxon Energy Services Australia Pty Ltd. from SLB for $37.0 million in cash."

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