Industry | 2009.12.08
National Oilwell Varco Announces Two Acquisitions
HOUSTON--(BUSINESS WIRE)--National Oilwell Varco, Inc. (NYSE:NOV) announced today that it has acquired two private businesses serving the international oil and gas industry, for total consideration of approximately $160 million in cash. Hochang Machinery Industries Co., Ltd. is a manufacturing and fabrication business with facilities in Ulsan and Geoje, South Korea. Hochang has been a high-quality supplier of equipment fabrication services to National Oilwell Varco, Inc. and Asian drilling rig b
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