en.Wedoany.com Reported - International energy services company Expro Group Holdings announced it has signed a definitive agreement to acquire Enhanced Drilling, a Norway-based provider of managed pressure drilling technology. The total transaction value is approximately NOK 2 billion, equivalent to USD 215 million, payable in cash, subject to customary closing and working capital adjustments.

The acquisition will introduce managed pressure drilling technology capabilities to Expro's drilling services portfolio. This technology encompasses both riserless and riser-based application scenarios, assisting operators in navigating narrow drilling window challenges, improving well control, reducing non-productive time, and optimizing well design by lowering casing requirements, thereby enhancing overall drilling efficiency. Enhanced Drilling's technology has been deployed across multiple offshore regions, including the U.S. Gulf of Mexico, the North Sea, West Africa, the Caspian Sea, and the Asia-Pacific region.

Expro CEO Michael Jardon commented: "We are pleased to announce this proposed acquisition and look forward to welcoming the Enhanced Drilling team. Their managed pressure drilling technology complements Expro's existing capabilities and aligns strongly with our focus on enhancing efficiency, managing risk, and improving drilling delivery reliability."

Enhanced Drilling CEO Kjetil Lunde added: "Joining Expro provides an opportunity to scale our technology through a global organization with deep operational experience and long-standing customer relationships."

According to the announcement, the transaction is expected to close in the third quarter of 2026, subject to customary closing conditions. Until that deadline, the two companies will continue to operate independently.

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