Lufkin has an extensive global service footprint that operates in every critical rod lift market in the world. MISSOURI CITY, Texas, Nov. 2, 2020 /PRNewswire/ -- Lufkin Industries ("Lufkin "), a portfolio company of KPS Capital Partners, LP ("KPS"), announced today that it has completed the acquisition of the North American Land Rod Lift Business (the "Rod Lift Business" or the "Business") of Schlumberger N.V. (" Schlumberger") (NYSE: SLB). Lufkin became an independent company after being acquired by KPS from Baker Hughes on June 30, 2020. We will remain laser focused on providing world-class quality, delivery and customer service across our platform as we combine these businesses and beyond.". The KPS investment strategy and portfolio companies are described in detail at www.kpsfund.com. Expands Global Platform in Rod Lift Solutions. All material subject to strictly enforced copyright laws Please read our Terms & Conditions, Cookies Policy and Privacy Policy before using the site. For more information on Schlumberger's Rod Lift Business, visit www.don-nan.com or www.slb.com/completions/artificial-lift/sucker-rod-pumps. With over 100 years of industry leadership, Lufkin manufactures a complete line of surface pumping units, downhole sucker rod pumps and automation systems in six manufacturing and assembly facilities worldwide. The Business provides its customers with a full product offering including downhole pumps and accessories, beam pumping units, sucker rods and gas lift products. Dit bericht werd oorspronkelijk gepubliceerd op deze site, Breidt wereldwijd platform Rod Lift Solutions uit. PPHB LP acted as advisor and Akin Gump Strauss Hauer & Feld LLP served as legal counsel to Schlumberger. Lufkin became an independent company after being acquired by KPS from Baker Hughes on June 30, 2020.Lufkin, headquartered in Missouri City, Texas, is a leading global provider of rod lift … About Schlumberger Rod Lift Business © 2020 World Oil, © 2020 Gulf Publishing Company LLC. Het bedrijf biedt zijn klanten een volledig productaanbod met inbegrip van boorputpompen en -accessoires, Lees verder http://www.perssupport.nl/persbericht/021120168/lufkin-industries-neemt-noord-amerikaanse-rod-lift-business-over-van-schlumberger-nv, Vul de onderstaande formulieren in om te registreren. Lufkin, headquartered in Missouri City, Texas, is a leading global provider of rod lift products, technologies, services and solutions, including automated control and optimization equipment and software for rod lift equipment to the oil and gas industry. The KPS Funds' portfolio companies currently have aggregate annual revenues of approximately $10.6 billion, operate 168 manufacturing facilities in 27 countries, and have nearly 32,000 employees, directly and through joint ventures worldwide (as of June 30, 2020, pro forma for recent acquisitions). The Business provides its customers with a full product offering including downhole pumps and accessories, beam pumping units, sucker rods and gas lift products. Deze website maakt gebruik van cookies. Schlumberger's Rod Lift Business is a large provider of rod lift products and services in North America with brands including Don-Nan, Shores Lift Solutions, KBA Engineering, Platinum Pumpjack Services and RLC Rod Lift Consulting. KPS creates value for its investors by working constructively with talented management teams to make businesses better, and generates investment returns by structurally improving the strategic position, competitiveness and profitability of its portfolio companies, rather than primarily relying on financial leverage. The Business has an expansive footprint across all major oil-producing regions in North America, including the Permian basin where Don-Nan has operated for almost 60 years. With over 100 years of industry leadership, Lufkin manufactures a complete line of surface pumping units, downhole sucker rod pumps and automation systems in six manufacturing and assembly facilities worldwide. Lufkin has an extensive global service footprint that operates throughout the oil-producing world. Lufkin has an extensive global service footprint that operates throughout the oil-producing world. For more information on Lufkin, visit www.lufkin.com. KPS is committed to expanding the Lufkin platform despite unprecedented volatility in the energy business, which will benefit customers of Lufkin and Schlumberger's Rod Lift Business. The Business provides its customers with a full product offering including downhole pumps and accessories, beam pumping units, sucker rods and gas lift products. 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Lufkin, headquartered in Missouri City, Texas, is a leading global provider of rod lift products, technologies, services and solutions, including automated control and optimization equipment and software for rod lift equipment to the oil and gas industry. The Business has an expansive footprint across all major oil-producing regions in North America (onshore), including the Permian Basin where Don-Nan has operated for almost 60 years. The Rod Lift Business has significant manufacturing and distribution capacity and has developed differentiated technology offerings, including the proprietary PumpTrak software. Door deze website te blijven gebruiken, geeft u toestemming voor het gebruik van cookies. About KPS Capital PartnersKPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $11.5 billion of assets under management (as of June 30, 2020). Voer je gebruikersnaam of e-mailadres in om je wachtwoord opnieuw in te stellen. Video | Donald Trump opnieuw presidentskandidaat in 2024? About Lufkin Industries With over 100 years of industry leadership, Lufkin The Business has an expansive footprint across all major oil-producing regions in North America (onshore), including the Permian Basin where Don-Nan has operated for almost 60 years. Breidt wereldwijd platform Rod Lift Solutions uitMISSOURI CITY, Texas, 2 november 2020 /PRNewswire/ -- Lufkin Industries ("Lufkin"), een portefeuillebedrijf van Schlumberger's Rod Lift Business is a large provider of rod lift products and services in North America (onshore) with brands including Don-Nan, Shores Lift Solutions, KBA Engineering, Platinum Pumpjack Services and RLC Rod Lift Consulting. Upon close, the transaction will transfer assets of the Lufkin rod lift business to an affiliate of KPS, including brand rights, facilities, intellectual property and personnel. MISSOURI CITY, Texas, 2 november 2020 /PRNewswire/ — Lufkin Industries (“Lufkin”), een portefeuillebedrijf van KPS Capital Partners, LP (“KPS”), kondigde vandaag aan dat het de overname van de Noord-Amerikaanse Land Rod Lift Business (de “Rod Lift Business” of de “Business”) van Schlumberger nv (“Schlumberger”) heeft afgerond . MISSOURI CITY, Texas, Nov. 2, 2020 /PRNewswire/ -- Lufkin Industries ("Lufkin"), a portfolio company of KPS Capital Partners, LP ("KPS"), announced today that it has completed the acquisition of the North American Land Rod Lift Business (the "Rod Lift Business" or the "Business") of Schlumberger N.V. ("Schlumberger") (NYSE: SLB). MISSOURI CITY, Texas, Nov. 2, 2020 /CNW/ -- Lufkin Industries ("Lufkin "), a portfolio company of KPS Capital Partners, LP ("KPS"), announced today that it has completed the acquisition of the North American Land Rod Lift Business (the "Rod Lift Business" or the "Business") of Schlumberger N.V. ("Schlumberger") (NYSE: SLB). KPS Partner Ryan Baker, leveraging KPS' significant capital resources and global platform, is successfully leading a team that is building Lufkin through the acquisition of complementary businesses, technologies and products that serve the upstream sector of the energy business. Lufkin Industries Acquires North American Rod Lift Business of Schlumberger N.V. PR Newswire MISSOURI CITY, Texas, Nov. 2, 2020 Expands Global Platform in Rod Lift … www.slb.com/completions/artificial-lift/sucker-rod-pumps. Our customers will now have access to the many strengths of both businesses as we combine the very best technology, manufacturing processes and global footprint. ", Andy Cordova, President of Lufkin, said, "The real winner in the combination are the customers of Lufkin and Schlumberger's Rod Lift Business. The Rod Lift Business has significant manufacturing and distribution capacity and has developed differentiated technology offerings, including the proprietary PumpTrak software. Lufkin became an independent company after being acquired by KPS from Baker Hughes on June 30, 2020. Expands Global Platform in Rod Lift Solutions. ", Andy Cordova, President of Lufkin, said, "The real winner in the combination are the customers of Lufkin and Schlumberger's Rod Lift Business. Michael Psaros, Co-Founder and Co-Managing Partner of KPS, said, "We are excited to combine Lufkin and Schlumberger's Rod Lift Business, which together have an unparalleled reputation for reliability, superior technology, innovation, customer service and global footprint. Simmons Energy, a division of Piper Sandler & Co., acted as advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP and Dentons served as legal counsel to Lufkin and its affiliates. We will remain laser focused on providing world-class quality, delivery and customer service across our platform as we combine these businesses and beyond.". Bezoek onze, http://www.perssupport.nl/persbericht/021120168/lufkin-industries-neemt-noord-amerikaanse-rod-lift-business-over-van-schlumberger-nv, Coronavirus bereikt ook afgelegen eilandstaat Vanuatu. De Rod Lift Business van Schlumberger is een belangrijke aanbieder van stangenpompproducten en -diensten in Noord-Amerika (onshore) met merken als Don-Nan, Shores Lift Solutions, KBA Engineering, Platinum Pumpjack Services en RLC Rod Lift Consulting. KPS is committed to expanding the Lufkin platform despite unprecedented volatility in the energy business, which will benefit customers of Lufkin and Schlumberger's Rod Lift Business. Schlumberger's Rod Lift Business is a large provider of rod lift products and services in North America (onshore) with brands including Don-Nan, Shores Lift Solutions, KBA Engineering, Platinum Pumpjack Services and RLC Rod Lift Consulting. - Sadhguru, Rutte, maak je borst maar nat!