National Oilwell Varco Inc. (NYSE:NOV) will pay Schlumberger Limited nearly $800 million for PVF distribution business Wilson International Inc., No. 8 on MDM’s list of the top 40 industrial distributors, according to the company’s quarterly SEC filing in May.
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Wilson also sells mill, tool and safety products and services to the international energy markets and other industrial customers. Wilson has 200 sales and operations locations across the U.S. and globally.
The Wilson acquisition, according to some reports, would double National Oilwell Varco’s distribution footprint.
Schlumberger announced it would be selling Wilson to National Oilwell Varco in April.
Schlumberger acquired Wilson International Inc. as part of the acquisition of Smith International in 2010.
