Friday, 17 May 2024 12:52

Expro Acquires Drilling Tools and Wellbore Services Firm Coretrax

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US oilfield services provider Expro has acquired UK-based Coretrax, expanding its well construction and intervention solutions portfolio. The acquisition, led by Buckthorn Partners, will strengthen Expro's presence in Europe, Sub-Saharan Africa, Middle East, North Africa, North and Latin America, and Asia-Pacific. The deal, which was completed with a total consideration of $75 million and 6.75 million Expro common shares, aims to enhance the company's capabilities and customer relationships.

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