Houston, Texas, May 22, 2013 National Oilwell Varco (NOV) completed the acquisition of Robbins & Myers on February 20, 2013. Robbins & Myers has an excellent reputation in the industries it serves, and the merger of these two companies will provide us with an incredible opportunity to expand the products and services offered to our customers, said Pete Miller, Chairman and CEO of National Oilwell Varco. As a result of the acquisition, many of the Robbins & Myers industrial products have been placed under the Houston-based NOV Mono division of National Oilwell Varco. The placement of these products resulted in an enhanced NOV Mono business that is now positioned as a global leader in industrial pumping technology, offering a broad portfolio of products and services to help global industries improve production, reliability and profitability.
The new NOV Mono is now the worlds largest designer and manufacturer of progressing cavity pumps. They also design and manufacture associated industrial products including grinders, screens, mixers, parts and packaged solutions. These product solutions have a variety of applications in water and waste water, pulp and paper, specialty chemicals, pharmaceutical, food and beverage, mining and mineral processing, oil and gas, energy, solar and agricultural.
NOV Mono Senior Vice President Santosh Mathilakath, who leads the new company, said the combination of these strong businesses represents a new force in the industrial pump arena, building on each companys rich history and unique market strengths to provide customers with unparalleled breadth and depth of solutions and services.
The combination of these businesses creates a platform for significant growth, said Mathilakath. Our truly global footprint, combined engineering strength, larger market channels, enhanced manufacturing and broadened supply chain capabilities will enable NOV Mono to rapidly create enhanced value propositions for customers, realize manufacturing and supply chain efficiencies, shorten response time, and provide a superior customer experience.
The legacy Robbins & Myers business was a leading supplier of engineered equipment and systems for critical applications in global energy, industrial, municipal, chemical and pharmaceutical markets. The following Robbins & Myers businesses are now part of the NOV Mono business:
Since the merger announcement, the two companies are executing a comprehensive integration plan designed to rapidly combine their operations, subsidiaries and product lines without any interruption or inconvenience to their customers.
About National Oilwell Varco, Inc.National Oilwell Varco Inc. is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations, the provision of oilfield services, and supply chain integration services to the upstream oil and gas industry.National Oilwell Varco (NOV) is headquartered in Houston, Texas and has over 140 years' experience as a leading provider of products and services to the international oil and gas industry. It has over 100 subsidiaries and over 60,000 employees at 1,200 sites around the world, plus annual revenues in excess of $20 billion.
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