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Schoeller-Bleckmann Oilfield Equipment AG

euro adhoc: Schoeller-Bleckmann Oilfield Equipment AG
Mergers - Acquisitions - Takeovers
Schoeller-Bleckmann acquires Techman Engineering
UK

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
02.10.2008
Schoeller-Bleckmann acquires Techman Engineering / UK
Ternitz, October 2nd, 2008- Schoeller-Bleckmann Oilfield Equipment 
AG, listed on the Vienna Stock Exchange, acquires 100% of the shares 
of British oilfield service provider Techman Engineering 
Ltd./Chesterfield, effective 1 October 2008. Techman is a 
manufacturer of precision components (collars) and tools for the 
oilfield service industry and, with around 70 employees, recently 
generated annual sales of approximately GBP 13 million. The sellers 
are the former private owners of the company. It was agreed not to 
disclose the purchase price.
"For Schoeller-Bleckmann, the acquisition of Techman is an ideal 
addition to our capacities in the core business of high-precision 
components for the oilfield service industry", explains SBO´s CEO 
Gerald Grohmann. Moreover, Techman has the expertise in using plastic
and composite materials, rounding off the broad material know-how of 
the SBO group. "With a clear commitment to first-rate quality and 
perfect customer service, Techman superbly fits into SBO also in 
terms of corporate philosophy ", continues Mr. Grohmann. Techman will
remain a separate entity and supply the existing customer base as 
before.
Apart from the production site in Rotherham and the Service & Supply 
Shop in Aberdeen, Techman Engineering is the third operational site 
of Schoeller-Bleckmann in the United Kingdom. In total, SBO now 
operates six production bases around the world, two in North America,
one in Mexico, two in the UK and one in Austria, where the Ternitz 
site also accommodates the head office. Additionally, SBO runs 
service and supply centres for the oilfield service industry in the 
US, UK, Russia, Dubai and Singapore.
end of announcement                               euro adhoc

Further inquiry note:

Gernot Bauer, Investor Relations,
Schoeller-Bleckmann Oilfield Equipment AG,
A-2630 Ternitz, Hauptstraße 2,
Tel: +43 2630/315 DW 250, Fax: DW 501,
E-Mail: g.bauer@sbo.co.at

Mick Stempel, Hochegger|Financials,
Tel: +43 1/504 69 87 DW 85,
E-Mail: m.stempel@hochegger.com

Branche: Oil & Gas - Upstream activities
ISIN: AT0000946652
WKN: 907391
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing

Plus de actualités: Schoeller-Bleckmann Oilfield Equipment AG
Plus de actualités: Schoeller-Bleckmann Oilfield Equipment AG