Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


Schlumberger buys Sema for $5.3 billion

Published on .

London--Schlumberger Ltd. agreed Monday to buy Sema plc for about $5.3 billion, expanding the oil field services company into computer consulting for the oil, utility and mobile phone industries. New York-based Schlumberger generates 73% of its $9.6 billion in annual revenue from drilling services. However, to spur further growth, the company in the last several years has diversified into computer consulting and other technology businesses. Sema provides software for mobile phones and electronic payment systems, and manages computers for the energy, transport, telecommunications and banking industries.
Most Popular
In this article: