National Oilwell Varco (NOV) has announced the completion of the acquisition of Robbins & Myers -the firm says the deal merger will make NOV Mono® the global leader in progressing cavity pumps.
Commenting on the acquisition, Pete Miller, Chairman and CEO of National Oilwell Varco said:
“The merger of these two companies will provide us with an incredible opportunity to expand the products and services offered to our customers.”
As a result of the acquisition, many of the Robbins & Myers industrial products have been placed under the Houston-based NOV Mono® division of National Oilwell Varco.
The new NOV Mono® is now the world’s largest designer and manufacturer of progressing cavity pumps. The company also designs and manufactures a wide range of associated products including grinders, screens, mixers, parts and packaged solutions. The product solutions have numerous applications in water and wastewater, pulp and paper, specialty chemicals, pharmaceutical, food and beverage, mining and mineral processing, oil and gas, energy, solar and agriculture.
NOV Mono® Senior Vice President Santosh Mathilakath, who leads the new company, said:
“The combination of these businesses creates a platform for significant growth. Our truly global footprint, combined engineering strength, larger market channels, enhanced manufacturing and broadened supply chain capabilities will enable NOV Mono® to rapidly create enhanced value propositions for customers, realize manufacturing and supply chain efficiencies, shorten response time, and provide a superior customer experience.”
The legacy Robbins & Myers business was a leading supplier of engineered equipment and systems for critical applications in global energy, industrial, municipal, chemical and pharmaceutical markets. The following Robbins & Myers businesses are now part of the NOV Mono® business:
- Springfield, Ohio-based Moyno Inc., manufacturer of progressing cavity pumps, sludge pumps, metering pumps, sanitary pumps, mag-drive pumps, multiphase fluids transfer systems and grinders.
- Dayton, Ohio-based Chemineer Inc., provider of mixing technology and manufacturer of quality equipment for fluid agitation applications.
- Claremore, Okla.-based Tarby Inc., manufacturer of progressing cavity replacement parts and pumps.
Since the merger announcement, the two companies have begun executing a comprehensive integration plan designed to rapidly combine their operations, subsidiaries and product lines without any interruption or inconvenience to customers.
Headquartered in Houston, Texas, National Oilwell Varco (NOV) has over 100 subsidiaries, and currently has over 60,000 employees at 1,200 sites around the world, plus annual revenues in excess of $20 billion.
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