Vallourec divested its Drilling Products business to National Oilwell Varco for $63m.

Vallourec, a multinational manufacturing company headquartered in Boulogne-Billancourt, Paris, divested its Drilling Products business to National Oilwell Varco, an American multinational corporation based in Houston, Texas, for $63m. This deal further supports Vallourec’s Transformation Plan aiming at strengthening its competitiveness on its strategic markets. In accordance with the applicable regulations, this project is conditional upon the approval of governance structures and consultation with the relevant staff representative bodies.