2019: Completion of the transaction of Rockwell Automation-Schlumberger on creation of the joint venture
On November 13, 2019 the companies Rockwell Automation also Schlumberger announced end of earlier announced transaction on creation of Sensia joint venture which will propose complete digital solutions for automation in oil and gas industries.
It is supposed that Sensia will function as the independent company, at the same time Rockwell Automation will possess 53% of its stocks, and Schlumberger — 47%. In accordance with the terms completions of the transaction, Rockwell Automation company paid Schlumberger of $250 million.
Feature of joint venture in this quickly growing market — a combination of expert knowledge of Schlumberger in the oil and gas industry and extensive experience of Rockwell Automation in the field of automation and informatization.
| ||Thanks to Sensia the high level of automation and digitalization of production will become available to all oil and gas companies that their equipment worked more effectively and provided more profit — Allan Rentkam, the CEO of Sensia said. — It will be simpler get, transport and process gas and oil, and the level of production and information security will grow more than ever.|| |
The central office of Sensia company is located in Houston, the State of Texas, and its annual revenue is predicted at the level of $400 million at staff of the company about 1,000 people.