en.Wedoany.com Reported - Weatherford International has agreed to acquire energy technology company NCS Multistage Holdings in a cash-and-stock deal valued at approximately $126 million, or $48 per share, representing a premium of about 13% over the last closing price.

As drilling conditions become increasingly complex, oilfield service companies are seeking to expand their technology portfolios through acquisitions to enhance operational capabilities and efficiency in unconventional wells. Last year, Baker Hughes agreed to acquire Chart Industries in an all-cash transaction valued at $13.6 billion, including debt. NCS Multistage primarily provides technologies to improve oil and gas well completion and performance, particularly under complex operating conditions.

The consideration for each NCS share is equivalent to 0.463 shares of Weatherford, with approximately 20% paid in cash. Shareholders may also elect to receive 0.554 shares of Weatherford per NCS share, or 0.239 shares of Weatherford plus cash equivalent to 0.137 shares.

Weatherford CEO Girish Saligram stated that the acquisition of NCS is a natural complement to the completion strategy, enhancing the application fit of the well construction product portfolio. The transaction has been approved by the boards of both companies and is expected to close in the second half of 2026. Until the transaction closes, both companies will continue to operate as independent entities.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com