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acquisitionAnnounced · Feb 25, 2026offshore contract drilling servicesSource · CredibleArticle · Factual

Valaris · Transocean

Transocean acquires Valaris

David Najork · Founding Software Engineer

Published Apr 29, 2026 · Updated Apr 29, 2026 · 1 min read

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Deal value

$1.37B

Target

Valaris

NYSE: VAL · Clarendon House 2 Church St, Hamilton

Acquirer

Transocean

Full Acquisition

Status

Announced

Transocean agreed to acquire Valaris. Reported deal value: $1.37B. Status: Announced. Sector: offshore contract drilling services. Target headquarters context: Clarendon House 2 Church St, Hamilton, Bermuda.

This page summarizes publicly available information about the transaction as of 2026-02-25. Figures and status may change as filings and press coverage update.

Transocean Soars With Record $1.37B EBITDA And Strategic Valaris Acquisition curraheeshutter/Shutterstock.com While the outlook for late 2026 and 2027 remains positive due to rising exploration budgets and tendering activity, the company acknowledged several near-term headwinds

Deal timeline

Announced

Feb 25, 2026 · finance.yahoo.com

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

Sector context

This transaction is classified in offshore contract drilling services with a reported deal value of $1.37B. Figures and status may change as sources update.

Sources: finance.yahoo.com · Primary article · FireStrike proprietary index