Product category:
OEM Pumps
News Release from: Mono Pumps
Edited by the Engineeringtalk Editorial
Team on 24 January 2003
Mono acquired by National-Oilwell
National-Oilwell has acquired the Manchester-based Mono Pump Group from Halliburton Company for cash and stock consideration.
National-Oilwell has acquired the Manchester-based Mono Pump Group from Halliburton Company for cash and stock consideration The GBP 87 million acquisition covers all Mono operations in the UK, Australia, New Zealand and the USA, and was completed on Thursday 16th January 2003
This article was originally published on Engineeringtalk on 1 Feb 2001 at 8.00am (UK)
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Little or no change is anticipated in Mono's day-to-day activities, and the company will continue to operate with its current structure.
It is intended that Mono will maintain their focus on all its key markets, both industrial and oilfield.
National Oilwell has revenues of approximately $1.5 billion and has its headquarters in Houston, Texas.
It intends to incorporate Mono into the Mission Pump division of National Oilwell.
Mark Reese, President, Mission Products, welcomes the Mono organisation to National Oilwell.
"We believe this combination is very complementary to both companies and will deliver tremendous value to our customers.
Paul Naylon and Mono's management team will be an integral part of building our go forward strategy that will focus on the strength of both companies".
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