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Schoeller-Bleckmann Oilfield Equipment acquires top player from Dubai

Logo © Schoeller-Bleckmann Oilfield Equipment AG

© Schoeller-Bleckmann Oilfield Equipment AG

21. October 2010

Austrian firm SBO has secured an attractive acquisition: DSI is the market leader in its service industry niche and comes with revenue of 30 million US dollars.

Schoeller-Bleckmann Oilfield Equipment AG (SBO) is the global market leader for high-precision components for the oil service industry. The group from Austria employs 1,135 staff worldwide and enjoyed success even in the economically turbulent year of 2009. The rebound of the market environment taking place this year will be used to the company’s advantage.

An increase in global demand for oil has led to increased drilling. The productivity of existing oil fields is slowing down and the hunt for new sources of oil is requiring ever more advanced technology. This demands increased use of high-precision components such as those offered by SBO.

With the 100% takeover of Drilling Systems International Ltd. (DSI), SBO is extending its product range with new expertise: DSI, headquartered in Dubai, is one of the world’s leading providers of special equipment for oil and gas drilling. The benefit for customers of DSI systems lies in the considerable savings of time and costs achieved through high reliability and ease of use.