Schlumberger has acquired Omron Oilfield & Marine
Omron Oilfield & Marine, Inc. (“OOM”)
OOM 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. OOM was founded as Industrial Drive Maintenance, Inc. in 1973. OOM was acquired by OMRON Corporation in 1999 and was organized within OMRON Corporation’s Industrial Automation division. The company is based in Houston, Texas and consists of 139 employees.
OMRON Corporation (TSE: 6645) (“OMRON”)
OMRON is a Kyoto-based global leader in the field of automation based on its core sensing and control technology. OMRON's businesses cover a broad spectrum, ranging from industrial automation and electronic components to automotive electronic components, social infrastructure systems, healthcare and environmental solutions. Established in 1933, OMRON has approximately 38,000 employees worldwide, working to provide products and services in more than 110 countries and regions.
Schlumberger Limited (NYSE: SLB) (“Schlumberger”)
Schlumberger is the world's leading provider of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. Working in more than 85 countries and employing approximately 113,000 people who represent over 140 nationalities, Schlumberger supplies the industry's most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance. Schlumberger has principal offices in Paris, Houston, London and The Hague.
PPHB, LP (“PPHB”)
PPHB is an independent investment banking firm providing financial advisory services exclusively to clients in the oilfield equipment and service industry.