Innovex completes purchase of Downhole Well Solutions
Published by Alfred Hamer,
Editorial Assistant
Oilfield Technology,
Innovex International, Inc., a provider of products and technologies to the oil and gas industry, has announced that it has completed the acquisition of the remaining equity ownership of Downhole Well Solutions, LLC (DWS). Innovex previously made a minority investment in DWS in May 2023.
“This acquisition adds another industry leading technology to Innovex’s product portfolio, enabling Innovex to offer customers a more complete portfolio,” said Adam Anderson, CEO of Innovex. “DWS has established a culture that is an excellent fit with Innovex’s ‘No Barriers’ culture, and we look forward to working together to deliver superior growth, cash flow, and returns for our shareholders.”
“We are excited to join forces with Innovex and take the next step in our partnership,” said Taylor Janca, Managing Partner of DWS. “Combining with Innovex provides an ideal platform to further expand our technologies in the US Land market as well as establish ourselves in several international markets where there is strong demand for our technologies.”
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/03122024/innovex-completes-purchase-of-downhole-well-services/
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