Helmerich & Payne Secures $1.97 Billion Acquisition of KCA Deutag

Helmerich & Payne, a drilling rig manufacturer listed on NYSE, has successfully completed the acquisition of UK-based KCA Deutag International Limited for $1.97 billion. Dentons, alongside Kirkland & Ellis, Grette, and Akund Forbes, represented Helmerich & Payne in the transaction, while Allen Overy Shearman Sterling advised KCA Deutag. As a result of the acquisition, Helmerich & Payne is set to emerge as a global leader in onshore drilling, enhancing its presence in the Middle East and diversifying its operations in the oil and gas sector. This strategic move not only strengthens Helmerich & Payne's market position but also signals an increased focus on geographic and operational diversity in the energy industry.