Tag: Merger
Sunoco Logistics & Energy Transfer Partners merge
Sunoco Logistics has announced a nearly USD $20 billion merger with Energy Transfer Partners (ETP). The deal is the latest in a string of multibillion dollar mergers in the midstream energy storage and pipeline sector.
General Electric to merge with Baker Hughes
General Electric (GE) has entered into an agreement to combine its oil and gas business with Baker Hughes to create a USD $32 B company with operations in over 120 countries.
Johnson Controls completes merger with Tyco
Johnson Controls, which manufactures a variety of control valve and actuator combinations, has completed its merger with Tyco, which manufactures valves for numerous fire safety applications, expanding the industrial company's breadth in a corporate inversion deal that has been valued at more than USD 14 billion.
Merger between Johnson Controls and Tyco approved
Shareholders have approved the USD $14 billion merger between Johnson Controls Inc. (JCI), a global technology and industrial company, and Tyco International PLC (TYC), a company which develops practical, integrated fire protection and security solutions for increasingly complex environments.
Johnson Controls & Tyco announce leadership team
Wisconsin-based energy and operations efficiency company, Johnson Controls, and Tyco International, which offers safety solutions to various industries, including the oil and gas industry, recently announced the Senior Executive Team that will lead the combined company following the close of their planned merger, which is expected on or around Oct.
FMC Technologies and Technip to merge
FMC Technologies Inc. of Houston, Texas, US, and Technip, of Paris, France, will combine to form TechnipFMC, in a move the two companies said will create a “comprehensive and flexible offering across each market from concept to project delivery and beyond.
Schlumberger/Cameron merger marks “Industry 1st”
Schlumberger Limited recently announced that it has closed its merger with Cameron International Corporation. The transaction combines two complementary technology portfolios into a complete products and services offering to the global oil and gas industry.
Fairmont Supply merges with O&G operations
Washington-based Fairmont Supply Co., a full-line industrial valve, pipe and fittings distributor, merged with Fairmont Supply Oil and Gas, LLC, effective Jan. 1.
The merger further positions the company as a single source supplier, by providing maintenance, repair and operations products.
Dow Chemical and DuPont merger talks
American multinational chemical corporation, Dow Chemical Co. is in late-stage talks to merge with DuPont Co., which provided solutions in the chemical industry, including valve solutions. This would mark one of the largest deals in the chemical industry to date.
Schlumberger-Cameron merger cleared by US DoJ
Schlumberger Limited and Cameron International Corporation have jointly announced that the U.S. Department of Justice (DoJ) has cleared their proposed merger without any conditions, granting early termination of the waiting period required by the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to the proposed merger.