National Oilwell Varco (NOV) Distribution Services acquires Capital Valves Ltd.

London, England – We are pleased to announce that National Oilwell Varco (NOV) has acquired Capital Valves Ltd.

Founded in 1862, and with a market cap of $33.7b USD, NOV is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production, the provision of oilfield inspection and other services, and supply chain integration services to the upstream oil and gas industry. Capital Valves will be a part of the Distribution Services segment, one of the three primary divisions within NOV.

This acquisition will benefit Capital Valves customers through the additional product breadth and supply chain solutions that Distribution and the NOV family will be able to bring to the market.

“We continue to see tremendous opportunity in International Markets,” said Clent Rawlinson, Vice President of International Operations, Distribution Services. “Our primary focus will be to provide the same excellent customer service and reliability that customers have come to expect.”

Distribution Services is located in over 25 countries in over 200 locations around the world.