Smith International continues to be interested in profitable growth through acquisition. The Company is interested in acquiring organizations that expand and complement our existing products and services.
Core Competencies
Potential acquisitions should leverage Smith core competencies to improve or expand the products and services offered by the prospective company. Smith core competencies include:
- World-class service to provide value added products to a broad range of customers in the oil and gas industry.
- Technology leadership in ultrahard materials, chemistry, downhole tools and formation evaluation.
- Worldwide capabilities include approximately 400 locations in over 80 countries with oil and gas activity and the operations, legal, financial and human resources management infrastructure to support the business.
- Established customer relationships with independent, international and multi-national oil and gas companies, national oil companies and other organizations that utilize our products and services.
- Distribution expertise and facilities to move, handle and store products efficiently worldwide.
Our new acquisitions typically share common characteristics with Smith existing business units:
- Target investments have an industry focus that may include any of the following products, services or products and/or services closely related to them:
Drilling and Completions Fluids
Downhole Drilling Tools, Products or Services
Machine shop services to maintain downhole equipment, along with the necessary non-destructive inspection services
Surface Pressure Control Equipment
Drill Bits
Fishing Tools or Services
Completion Products or Services
Coil Tubing Equipment, Tools and Services
Casing Logging Equipment, Tools and Services
Measurement While Drilling and Formation Evaluation Drilling Tools, Products and Services
Drilling Related Software Products and Services
Solids Control Equipment and Environmental Services
Pipe, Valves and Fittings Distribution
Industrial Distribution: Power, Pulp and Paper, Pipeline, Refining and Chemical
- Prospective businesses, as a rule, maintain a defensible competitive advantage with an established customer base or have a technology wich would give SMITH a clear competitive advantage.
Both managerial and financial resources have enabled SMITH to pursue acquisitions that require unique and flexible arrangements. Browse the Acquisition History document for a comprehensive listing of our recent acquisitions.
For More Information Contact:
Sii Business Development Department
800-US-SMITH
281.443.3370
281.233.5199 fax
business@smith.com
