Home       Business Directory       Articles       Jobs       Training & Events       Product Showcase      
 
  Advisory Panel     Associations     Links     Publications     About Us     Advertise     News     Testimonials     Contact Us  
 
  Integrated Operations
  Refining
  Petrochemicals
  Gas Processing
  Asset Management
  Plant Operations Management
  Overview & Strategy
  Technology
  Geosciences
  Reservoir Engineering
  Drilling & Well Services
  Transportation
  LNG
  Health & Safety
  Environment

Comment Title*:

Comment*:

Name*:
Email Address*:
Location*:

Add me to mailing list

I Agree to terms and conditions



Order high-quality repints of any articles on this website

ARTICLES
EXPRO INTERNATIONAL GROUP PLC - PROPOSED ACQUISITION OF POWER WELL SERVICES FOR $674.5 MILLION
Fifthring
Integrated Corporate Communications
Expro International Group PLC (the “Company”, the “Group” or “Expro”) today announces the acquisition of PWS, a leading supplier of well testing and other flow management products and services to the global oil and gas industry for $674.5 million (£366.0 million).

PWS’s operations include a global well testing business and a regional fluids analysis business, as well as choke equipment supply and related services to the land well market in the USA. PWS is a portfolio company of First Reserve Corporation, the oldest and largest private equity firm focused exclusively on investing in the energy industry.

The Board believes that the Acquisition represents a significant opportunity for the Group to accelerate its growth and enhance its market position consistent with its continuing strategy. The Acquisition will significantly increase the Group’s geographic spread and critical mass by bringing into the Group complementary businesses with a largely different geographic spread, thereby creating a leading global provider of exploration and production well testing and clean-up services. The Acquisition will also expand the Group’s portfolio of products and services into choke equipment supply and services.

The combination of the Group and the PWS Group will create a stronger well testing and related services business with an enhanced international footprint. PWS’s fluids analysis business is complementary to, and will strengthen, the Group’s existing product offering and increase its geographic presence. Expro believes that considerable opportunities exist to further promote PWS’s technology and to utilise shared knowledge and research resources in the future.




Copyright Touch Group Plc 2012
Contact Us | Privacy Statement | Terms & Conditions
 

Articles : a b c d e f g h i j k l m n o p q r s t u v w x y z
Companies : a b c d e f g h i j k l m n o p q r s t u v w x y z
Events : a b c d e f g h i j k l m n o p q r s t u v w x y z
Keywords : a b c d e f g h i j k l m n o p q r s t u v w x y z

Other Touch Group sites:    Touch Briefings Cardiology - Endocrine - Modern Energy Review - Touch Gastroenterology - Touch Musculoskeletal - Touch Neurology - Touch Oncology - Touch Psychiatry - Touch Respiratory - Health Sciences Visions