ROCKWELL AUTOMATION, INC acquires Sensia (joint venture with Schlumberger)
Snapshot
ROCKWELL AUTOMATION, INC acquired Sensia (joint venture with Schlumberger) in October 2019. The transaction was structured as joint venture (Rockwell 53% / Schlumberger 47%). Sensia (joint venture with Schlumberger) is a Lifecycle Services business.
- Acquirer
- ROCKWELL AUTOMATION, INC
- Target
- Sensia (joint venture with Schlumberger)
- Value
- (not disclosed)
- Date
- October 2019
- Type
- joint venture formation
- Status
- ready
The deal at a glance
About this deal
ROCKWELL AUTOMATION, INC acquired Sensia (joint venture with Schlumberger), a transaction completed in October 2019, structured as joint venture (Rockwell 53% / Schlumberger 47%). The deal was a joint venture formation.
Sensia (joint venture with Schlumberger) operates in Lifecycle Services. On October 1, 2019, Rockwell completed the formation of Sensia, a fully integrated digital oilfield automation solutions provider, as a joint venture that leverages Schlumberger's oil and gas domain knowledge and Rockwell's automation and information expertise. Rockwell owns 53% and consolidates Sensia; Schlumberger owns 47%.
Combines Schlumberger's oil & gas domain knowledge with Rockwell's automation and information expertise.
Consolidated as Sensia (Lifecycle Services)
No advisory firms have been disclosed for this transaction.