National Oilwell Varco Completes Acquisition of Fjords Processing
December 20 2016 - 8:13AM
Business Wire
National Oilwell Varco, Inc. (NYSE: NOV) has completed its
previously announced acquisition of Fjords Processing, a global
leader in the provision of processing technology, systems and
services to the upstream oil and gas industry.
“Fjords Processing has a long and rich history of developing and
providing innovative technologies related to separation, water
treatment, and oil and gas processing solutions,” commented Clay
Williams, Chairman, President and CEO. “We are very pleased to
welcome the talented employees of Fjords into our organization and
to begin offering the fully integrated capabilities of Fjords and
NOV to our customers.”
Combining Fjords’ project design, management and aftermarket
support with NOV’s technologies and global infrastructure enhances
the combined organization’s ability to deliver industry leading
solutions that cost effectively address customers’ processing
needs. NOV now offers a vertically integrated global organization
that provides engineering design, manufacturing and global
aftermarket support for processing modules and packages used in
onshore and offshore applications.
Fjords Processing is based in Oslo, Norway and has approximately
500 employees in 12 countries. For more information regarding
Fjords Processing, please see www.fjordsprocessing.com.
About National Oilwell Varco
National Oilwell Varco (NYSE: NOV) is a worldwide leader in the
design, manufacture and sale of equipment and components used in
oil and gas drilling and production operations and in the provision
of oilfield services to the upstream oil and gas industry.
Cautionary Statement for the Purpose of the “Safe Harbor”
Provisions of the Private Securities Litigation Reform Act of
1995
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 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161220005536/en/
National Oilwell Varco, Inc.Investor and Media
Contact:Loren Singletary, 713-346-7807Vice President of
Investor & Industry
RelationsLoren.Singletary@nov.comorCustomer Contact:Mike
Hart, 713-634-3181Chief Sales Officer, NOV Completion &
Production SolutionsMike.Hart@nov.com
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