Announced
Completed
Financials
Tags
power solutions
energy
Energy / Utility Services
Acquisition
Majority
Single Bidder
Cross Border
Friendly
Canada
Private
Completed
Synopsis
Devon Energy, an energy company engaged in hydrocarbon exploration, completed the acquisition of Validus Energy, an advanced power solutions and lifecycle management company, for $1.8bn. “The Validus acquisition captures a top-tier oil resource with a meaningful runway of highly economic inventory that is complementary to our existing footprint in the Eagle Ford. This accretive transaction also enhances our financially-driven strategy that is designed to deliver per-share financial growth and accelerate the return of capital to our shareholders,” Rick Muncrief, Devon President and CEO.
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