NOV Plunks Down $672M For Danish Pipe Maker

Law360, New York (February 3, 2012, 3:55 PM EST) -- National Oilwell Varco has agreed to buy for 3.8 billion kroner ($672 million) a Danish company that makes flexible pipe systems for offshore oil and gas facilities, the same company that recently inked a $1.7 billion deal to supply Brazil’s largest oil company, the companies said Friday.

The cash deal will give Houston-based NOV control over NKT Flexibles A/S’ production facility in Denmark and the manufacturer’s new Brazilian plant, expected to open next year, the companies said.

NOV designs, produces and sells large equipment used in...
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