Nasdaq-listed T-3 Energy Services provides a oilfield products and services mainly for the drilling and completion of new oil and gas wells, the workover of existing wells and the production and transportation of oil and gas.
“T-3 is a highly complementary business for Robbins & Myers, operating 'close to the customer' with a strong aftermarket business. Our business models are similar, and there is very little overlap in our product and service offerings. Accordingly, this acquisition will enable us to offer a broader set of products and services to our combined customer base," said Peter Wallace, president and CEO of Robbins & Myers.
For the year ended 31 August 2010, Robbins & Myers reported sales of US$585 million. The company’s Fluid Management Group includes pump businesses Moyno, R&M Energy Systems and Tarby.
The acquisition of T3 is expected to close later this calendar year or early next year.