Expro Completes Acquisition of Enhanced Drilling
In a recent announcement, Expro Ltd (NYSE: XPRO) revealed the completion of the acquisition of Enhanced Well Technologies Group AS (“Enhanced Drilling”). The transaction involved Expro buying Enhanced Drilling for around 2 billion Norwegian kroner (NOK), equivalent to approximately $215 million in cash, along with customary closing adjustments and working capital. This acquisition has positioned Expro as a prominent supplier of advanced drilling technologies, marking a significant development for the company.
