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Schoeller-Bleckmann Oilfield Equipment AG

EANS-News: Schoeller-Bleckmann Oilfield Equipment AG
Schoeller-Bleckmann Oilfield Equipment AG: Closing of DSI acquisition

Ternitz (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers
Ternitz/Vienna, 4 October 2010.
Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX 
market of the Vienna Stock Exchange, has successfully completed 
acquisition of Drilling Systems International Ltd. (DSI). Final 
purchase agreements were concluded at the weekend. Dubai based DSI is
a leading global provider of special tools used in downhole 
circulation technology for oil and gas wells. The company recently 
generated annual sales of approx. MUSD 30.
Schoeller-Bleckmann Oilfield Equipment AG is the global market leader
in high-precision components for the oilfield service industry. The 
business focus is on non-magnetic drillstring components for 
directional drilling. As of 30 June 2010, SBO has employed a 
workforce of 1135 worldwide (31 December 2009: 1056), thereof 336 in 
Ternitz/Austria and 502 in North America (including Mexico).
end of announcement                               euro adhoc

Further inquiry note:

Gernot Bauer, Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Tel: +43 2630/315 ext 250, fax ext 501
e-mail: g.bauer@sbo.co.at

Mick Stempel
Metrum Communications GmbH
Tel: +43 1 504 69 87 ext 385
e-mail: m.stempel@metrum.at

Branche: Oil & Gas - Upstream activities
ISIN: AT0000946652
WKN: 907391
Index: WBI, ATX Prime, ATX
Börsen: Wien / official market

Plus de actualités: Schoeller-Bleckmann Oilfield Equipment AG
Plus de actualités: Schoeller-Bleckmann Oilfield Equipment AG