NOV Completes Acquisition of Rolligon

National Oilwell Varco, Inc. announced Friday that it has acquired all of the operating assets of Rolligon Ltd. Terms of the acquisition were not disclosed.

Based in College Station, Texas, Rolligon fabricates equipment used in the completion and servicing of oil and gas wells, including frac units, blenders, data acquisition systems, and coiled tubing support units. Rolligon has approximately 160 employees and independent contractors, and will be operated as part of the Company's Coiled Tubing and Wireline Products division.

Pete Miller, National Oilwell Varco's Chairman, President and CEO, remarked, "We are very excited about the addition of Rolligon to our Rig Technology group. Rolligon strengthens our commitment to providing our customers with a broad suite of high quality, innovative products to meet their needs. We look forward to expanding Rolligon's product offering through our global infrastructure."

National Oilwell Varco designs, manufactures, and sells equipment and components used in oil and gas drilling and production operations, provides oilfield services, and supplies chain integration services to the upstream oil and gas industry.

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