Expro Acquires Coretrax for $210MM, Expands Well Technology Portfolio
Energy services giant Expro has agreed to acquire Coretrax, a leading provider of performance drilling tools and wellbore solutions, for $210 million. This strategic move expands Expro's portfolio of technology-enabled well construction and intervention solutions, particularly across key regions like North and Latin America, Europe, and Africa.
Expro to acquire Coretrax for $210 million, including cash and newly issued shares.
Acquisition strengthens Expro's well construction and intervention offerings.
Coretrax's innovative, high-value tools will leverage Expro's global footprint.
Deal expected to close in Q2 2024, subject to customary approvals.
Acquisition expands Expro's presence in key regions like ESSA and MENA.
Both companies express confidence in the deal's potential for growth and value creation.