Vertice Oil Tools Acquires MorphPackers' Re-frac Assets
November 22, 2022
Vertice Oil Tools Inc. acquired substantially all assets of MorphPackers Limited to expand its re-completions and re-frac technology portfolio, adding products such as the MorphAnchor and STORM re-frac packers. The deal strengthens Vertice's ability to serve the growing re-frac market and complements its existing downhole completions product line; Vertice is backed by SCF Ventures (SCF Partners).
- Buyers
- Vertice Oil Tools Inc.
- Targets
- MorphPackers Limited
- Sellers
- MorphPackers Limited
- Industry
- Oil & Gas
- Location
- Scotland, United Kingdom
- Transaction Type
- Divestiture
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