Schlumberger buys Omron Oilfield and Marine
- Business & Finance
Another day, another acquisition for Schlumberger, the world’s largest oilfield services company. Namely, Schlumberger on Friday said it acquired Omron Oilfield and Marine, Inc. for an undisclosed price.
Omron Oilfield and Marine is a U.S.-based OMRON Corporation group company, which is a provider of automation technology and solutions.
“The addition of Omron Oilfield and Marine will enable us to strengthen our industrial automation control systems capabilities as part of our long-term strategy to develop an integrated well construction system,” said Ashok Belani, executive vice president, Technology, Schlumberger.
“The control system plays a pivotal part in developing the software capabilities required to realize our vision to provide our customers with a step change in drilling performance.”
“This transaction enables us to leverage our U.S.-installed base with Schlumberger’s global reach to create new market opportunities internationally,” said Robert Bost, CEO, Omron Oilfield and Marine. “We will continue to build on our existing technology collaboration to expand control system capabilities in oilfield applications.”
Omron Oilfield and Marine is based in Houston, Texas and has 139 employees. The company designs, manufactures, sells, and provides aftermarket services for automated drive and control systems, power houses, and drillers’ cabins. The company also offers software-based drilling technologies on a rental or subscription basis.
Omron Oilfield and Marine was founded in Houston as Industrial Drive Maintenance, Inc. (IDM) in 1973. It was acquired in 1999 by the OMRON Corporation, a Kyoto-based global provider in the field of automation, and is currently organized within the company’s Industrial Automation division.
This is Schlumberger’s second company acquisition this week. The company on Wednesday said it acquired Saltel Industries, a French engineering, manufacturing, and service company supporting oil and gas industry, both offshore and onshore. However, the company’s largest scoop this year was the acquisition of Cameron, a subsea equipment specialist. That acquisition was finalized in April, 2016.