Acquiring Company
Transocean Ltd
Acquired Company
Valaris
Steinhausen
HoustonEnergyOil And GasOil And GasWaterDescription
Transocean announced its acquisition of Valaris on February 9, 2026, in an all-stock deal valued at approximately US$5.8 billion. The merger will combine the strengths of both companies, yielding a fleet of 73 offshore rigs. The targeted close date for the transaction is in the second half of 2026.
Quick answer
Transocean Ltd is acquiring Valaris, announced February 19, 2026. Transocean Ltd is based in Steinhausen, Zug, Switzerland.
- How much did Transocean Ltd pay for Valaris?
- The deal value was not disclosed.
- What does Transocean Ltd do?
- Transocean is a leading international provider of offshore contract drilling services for oil and gas wells, specializing in technically demanding sectors of the global offshore drilling business.
- Where are Transocean Ltd and Valaris based?
- Transocean Ltd is based in Steinhausen, Zug, Switzerland. Valaris is based in Houston, Texas, United States.
- Who are the decision-makers at Transocean Ltd?
- Fundz holds 1 contact at Transocean Ltd. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Transocean Ltd, and when
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Frequently asked
Who acquired Valaris?
Valaris was acquired by Transocean Ltd, based in Steinhausen. The deal was reported on February 19, 2026. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells, specializing in technically demanding sectors of the global offshore drilling business. Transocean Ltd is publicly traded (RIG) and operates in Energy.
When did Transocean Ltd acquire Valaris?
Transocean Ltd's acquisition of Valaris was reported on February 19, 2026. Transocean announced its acquisition of Valaris on February 9, 2026, in an all-stock deal valued at approximately US$5.8 billion. The merger will combine the strengths of both companies, yielding a fleet of 73 offshore rigs. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Valaris do?
Valaris is the world’s largest offshore drill contractor, providing services to the oil and gas industry with a versatile fleet. It is publicly traded (VAL), operating in Oil And Gas, and is based in Houston.
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