Helmerich & Payne's Bold Move: Acquires KCA Deutag for $1.97 Billion
Deal News | Feb 18, 2025 | Dentons
Dentons, a global law firm, has advised Helmerich & Payne, a NYSE-listed drilling rig manufacturer, on its USD 1.97 billion acquisition of KCA Deutag International Limited. This strategic acquisition positions Helmerich & Payne as a leading entity in onshore drilling, enhancing its global footprint and diversifying its market capabilities across crude oil and natural gas sectors, especially in the Middle East. Helmerich & Payne, known for its technological innovations in drilling and automation, will benefit from KCA Deutag's extensive operational reach, employing 9,000 people in over 20 countries. Dentons' cross-border team, involving legal professionals from 14 different countries, collaborated with lead counsel Kirkland & Ellis and other regional law firms, indicating the depth and complexity of this international transaction.
Sectors
- Energy
- Legal Services
Geography
- United States – Helmerich & Payne is a US-based company, and its listing on the NYSE indicates a US geographical focus.
- United Kingdom – KCA Deutag is headquartered in the UK, making it a key geographic area of operations in this transaction.
- Middle East – The acquisition enhances Helmerich & Payne's presence in the Middle East, making it a significant geographic focus.
Industry
- Energy – The article primarily concerns the energy sector, specifically within the oil and gas industry, focusing on drilling operations and services.
- Legal Services – Dentons' involvement in advising the deal highlights the legal services industry, particularly in the context of cross-border M&A.
Financials
- USD 1.97 billion – The acquisition value of KCA Deutag by Helmerich & Payne.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Helmerich & Payne | Buyer | Company | A NYSE-listed drilling rig manufacturer expanding its global presence through this acquisition. |
| KCA Deutag International Limited | Target | Company | A UK-headquartered oil and gas services company with operations in over 20 countries. |
| Dentons | Legal Advisor | Company | Global law firm advising on the transaction, coordinating a cross-border legal team. |
| Kirkland & Ellis | Lead Counsel | Company | Acted as lead counsel in the transaction. |
| Grette | Regional Legal Advisor | Company | Provided legal support in Norway. |
| Akund Forbes | Regional Legal Advisor | Company | Provided legal support in Pakistan. |