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Noble Corporation plc to acquire Diamond Offshore Drilling, Inc. in a strategic move for offshore drilling expansion

Aug 30, 2024•over 1 year ago

Acquiring Company

Noble Corporation

Acquired Company

Diamond Offshore Drilling

Sugar LandHoustonOil And GasEnergyOil And GasEnergy

Description

Noble Corporation plc and Diamond Offshore Drilling, Inc. expect to close the transaction on Wednesday, September 4th, 2024. The clearance from the Australia Competition & Consumer Commission marks the final required regulatory approval for the transaction, signaling a strategic move for offshore drilling expansion and innovation in the oil and gas industry.

Company Information

Company

Noble Corporation

Location

Sugar Land, Texas, United States

About

Noble is a leading offshore drilling contractor for the oil and gas industry. The Company owns and operates one of the most modern, versatile, and technically advanced fleets in the offshore drilling industry. Noble and its predecessors have been engaged in the contract drilling of oil and gas wells since 1921. Noble performs, through its subsidiaries, contract drilling services with a fleet of offshore drilling units focused largely on ultra-deepwater and high specification jackup drilling opportunities in both established and emerging regions worldwide. For further information visit www.noblecorp.com or email investors@noblecorp.com. SOURCE Noble Corporation plc

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed