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acquisitionAnnounced · Feb 9, 2026Offshore drillingSource · CredibleArticle · Factual

Valaris Ltd. · Transocean

Transocean acquires Valaris Ltd.

David Najork · Founding Software Engineer

Announced Feb 9, 2026 · Updated Apr 29, 2026 · 1 min read

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Deal value

$5.8B

Target

Valaris Ltd.

Acquirer

Transocean

Full Acquisition

Status

Pending

Transocean agreed to acquire Valaris Ltd.. Reported deal value: $5.8B. Status: Pending. Sector: Offshore drilling. Target headquarters context: Location not specified.

This page summarizes publicly available information about the transaction as of 2026-02-09. Figures and status may change as filings and press coverage update.

Transocean Ltd. , Steinhausen , Switzerland , on Monday announced it has agreed to acquire Valaris Ltd. , Houston, in an all-stock transaction valued at about $5.8 billion , combining two of the largest offshore drilling contractors into a single company with an enterprise value of roughly $17 billion

Deal timeline

Announced

Feb 9, 2026 · workboat.com

Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.

Sector context

This transaction is classified in Offshore drilling with a reported deal value of $5.8B. Figures and status may change as sources update.

Sources: workboat.com · Primary article · FireStrike proprietary index