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

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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
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ots Originaltext: Schoeller-Bleckmann Oilfield Equipment AG
Im Internet recherchierbar: http://www.presseportal.de

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