On the Record · NOV
NOV acquisitions, on the record
The businesses NOV bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
business in BelarusWord for word“During the third quarter of 2022, we sold our business in Belarus and entered into an agreement to sell our business in Russia.” 10-K for 2023 | divestiture | During the third quarter of 2022 | — |
business in RussiaWord for word“During the third quarter of 2022, we sold our business in Belarus and entered into an agreement to sell our business in Russia.” 10-K for 2023 | agreed divestiture | During the third quarter of 2022 | — |
ExtractWord for word“Subsequent to year end, NOV completed the acquisition of Extract, a leading provider of artificial lift technologies and services.” 10-K for 2023 | acquisition | Subsequent to year end | — |
Pole Products businessWord for word“A $130 million gain from the divestiture of the segment’s Pole Products business in the second quarter of 2024 also contributed to the increase in profitability for the current year.” 10-K for 2024 | divestiture | second quarter of 2024 | — |
artificial lift businessWord for word“North American revenue increased 4 percent despite the decline in drilling activity primarily due to the acquisition of our artificial lift business and market share gains, while international revenue declined 1 percent primarily due to lower sales of drill pipe and conductor pipe connections.” 10-K for 2024 | acquisition | — | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $230 million | $74 million |
| 2017-12-31 | $86 million | $89 million |
| 2018-12-31 | $280 million | $102 million |
| 2019-12-31 | $180 million | $62 million |
| 2020-12-31 | $14 million | $4 million |
| 2021-12-31 | $52 million | $34 million |
| 2022-12-31 | $49 million | $10 million |
| 2023-12-31 | $22 million | $40 million |
| 2024-12-31 | $298 million | $70 million |
| 2025-12-31 | $0 | — |
Deal filings since 2016
- 2024-09-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-05-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-02-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-11-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-11-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-06-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from NOV’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-12. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.