National-Oilwell Varco, Inc. : National Oilwell Varco Completes Flexible Pipe Acquisition
04/04/2012| 08:35am US/Eastern
National Oilwell Varco, Inc. (NYSE:NOV) announced the closing of its
previously announced acquisition of NKT Flexibles I/S ("NKT"), a Denmark
based designer and manufacturer of flexible pipe products and systems
for the offshore oil and gas industry.
Pete Miller, Chairman, President and CEO of National Oilwell Varco,
stated "The integration of NKT's highly technical design capabilities
and NOV's Rig Technology will be a compelling combination in the
offshore production market. NKT will notably escalate our position in
Floating Production, Storage and Offloading vessel market. We are
excited and welcome all of NKT's employees to the NOV family."
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.
National Oilwell Varco, Inc.
Clay Williams, (713) 346-7606
© Business Wire 2012