Acquiring Company
Transocean
Acquired Company
Valaris
BrazilEnergyOil And GasOil And GasWaterDescription
Transocean and Valaris have announced a merger in an all-stock transaction valued at $5.8 billion. This merger will result in a combined entity that controls nearly 50% of the deepwater rig market. The new offshore drilling giant will have a combined enterprise value of approximately $17 billion and a fleet of 73 rigs. The merger is expected to significantly reduce Transocean's debt and strengthen its market position.
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Based on deal dataFrequently asked
Who acquired Valaris?
Valaris was acquired by Transocean. The deal was reported on August 18, 2026. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company has a strong fleet of technologically advanced offshore drilling rigs. Transocean is publicly traded (RIG) and operates in Energy.
When did Transocean acquire Valaris?
Transocean's acquisition of Valaris was reported on August 18, 2026. Transocean and Valaris have announced a merger in an all-stock transaction valued at $5.8 billion. This merger will result in a combined entity that controls nearly 50% of the deepwater rig market. 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 Brazil.