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Announced

Completed

Seadrill completed the acquisition of Aquadrill for $958m.

Financials

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Transaction Value£795m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Single Bidder

Cross Border

United Kingdom

deepwater drilling

Friendly

Offshore Drilling and Other Services

Majority

Acquisition

Completed

Synopsis

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Seadrill, a deepwater drilling contractor, completed the acquisition of Aquadrill, a deepwater drilling company, for $958m. "At Seadrill we seek to deliver safe and effective operations as the bedrock for generating returns for our shareholders. Seadrill and Aquadrill have a long and rich strategic and operational management history. Our shared heritage will promote efficient integration of the two companies. I look forward to welcoming the Aquadrill fleet back into the Seadrill family," Simon Johnson, Seadrilll President and CEO.

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