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OFS - Spinoffs unite as Apergy acquires Ecolab’s energy biz for $4.4B - January 2020
Apergy Corp. will acquire Ecolab’s upstream energy business in a $4.39 billion transaction, the largest A&D deal in oilfield services since Baker Hughes agreed to merge with GE Oil & Gas in 2016. The union will create an oilfield equipment and specialty chemical company with a combined $3.5 billion in 2019 pro forma revenue, of which 80% will come from production-related product lines. Ecolab will divest its subsidiary Nalco Champion’s upstream energy business, which......
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