NEW YORK, Oct. 30 -- Morgan Lewis, a law firm, issued the following news release:

Morgan Lewis advised Sandvik AB in an agreement to sell its Varel International Energy Services business to Blue Water Energy.

Sandvik is a high-tech and global engineering company offering tools and tooling systems for advanced metal-cutting; tools and solutions for the mining and construction industries; and advanced stainless steels, powder-based alloys, and specialty alloys.