Oceaneering International Acquires Operating Assets From SMX International: Oceaneering is Expanding its Business – Deal Analysis From GlobalData by GlobalData

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Oceaneering International Acquires Operating Assets From SMX International: Oceaneering is Expanding its Business – Deal Analysis From GlobalData

Summary

Oceaneering International, Inc., (Oceaneering) through its wholly-owned subsidiary, Grayloc Products Canada, (Grayloc) Ltd., acquired all the operating assets from SMX International Canada Inc., (SMX), a manufacturer of metal-to-metal seal clamp connectors. SMX's products include a clamp connector, compact flange, non-slam nozzle check valve and universal ball joints.
This acquisition complements Grayloc’s business, which was acquired by Oceaneering in 2005 and has proven to be a very successful investment. Grayloc provided a great niche market for high pressure, high temperature, metal-to-metal seal connectors. The acquisition made Oceaneering closer to the oil sands market where the clamps are used extensively in production processing.

Scope

- Rationale behind Oceaneering acquiring SMX's assets
- Strategic Benefits for the companies involved
- Geography covered -Canada

Reasons to buy

- Develop a sound undestanding of the major M&A's, Partnerships, And Joint Ventures taking place in North American Oil & Gas industry
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the Canadian oil & gas market
- Get a detailed analysis of a deal to enable you to take better decisions

More Info
									      Oceaneering International Acquires Operating Assets From
      SMX International: Oceaneering is Expanding its Business –
                    Deal Analysis From GlobalData

      Reference Code: GDGE0181M&A                                                                                                                             Publication Date: AUG 2010


                     1         Table of Contents

                     1           Table of Contents........................................................................................ 1
                     1.1         List of Tables........................................................................................................................................ 2

                     1.2         List of Figures ...................................................................................................................................... 2


                     2           Global Data Deal Analysis .......................................................................... 3
                     2.1         Summary .............................................................................................................................................. 3

                     2.2         Deal Overview ...................................................................................................................................... 3


                     3     Oceaneering International Acquires Operating Assets From SMX
                     International ........................................................................................................... 3
                     3.1         Deal Overview ...................................................................................................................................... 3

                     3.2         Deal in Brief.......................................................................................................................................... 3

                     3.3         Oceaneering is providing services primarily to the offshore oil and gas projects........................ 3

                     3.4         Oceaneering’s products and services have demand in many industries....................................... 4

                     3.5         Oceaneering intends to expand its business in the Oil Sands market ........................................... 4

                     3.6         Oceaneering is enhancing its core business through acquisitions............................................... 4

                     3.7         Grayloc business overview ................................................................................................................ 5

                     3.8    SMX has a strong technical, research and design team which have helped them to achieve high
                     growth 5

                     3.9      Deal Financials and Valuations .......................................................................................................... 6
                        3.9.1   Companies Involved ......................................................................................................................... 6
                        3.9.2   Detailed Target Information .............................................................................................................. 6
                        3.9.3   Detailed Acquirer Information............................................................................................................ 7
               
								
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