National Oilwell Varco, Inc. announced the closing of its previously announced acquisition of NKT Flexibles I/S (“NKT”), a Denmark based designer and manufacturer of flexible pipe products and systems for the offshore oil and gas industry.
Pete Miller, Chairman, President and CEO of National Oilwell Varco, stated “The integration of NKT’s highly technical design capabilities and NOV’s Rig Technology will be a compelling combination in the offshore production market. NKT will notably escalate our position in Floating Production, Storage and Offloading vessel market. We are excited and welcome all of NKT’s employees to the NOV family.”
National Oilwell Varco 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.