Announced
Completed
Financials
Tags
Majority
Acquisition
Private
Single Bidder
Friendly
United States
Water
upstream energy
Integrated Oil and Gas
Completed
Synopsis
Apergy, an oilfield equipment provider, completed the acquisition of upstream energy unit of Ecolab, a global provider of water, hygiene, and energy technologies, for $4.4bn. “This transaction is a great development benefiting both Apergy and Ecolab shareholders. It brings together two well-respected companies to create a global leader that provides customers with a full suite of production-optimization solutions, solidifying our position as a focused leader in the production segment, while providing shareholders and employees better long term growth opportunities,” Sivasankaran Somasundaram, Apergy President and Chief Executive Officer.
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