Expro Acquires Coretrax for Approximately $210 Million
February 12, 2024
Expro has entered into a definitive agreement to acquire Coretrax, an Aberdeen, UK-based technology provider for performance drilling tools and wellbore cleanup, well integrity, and production optimization solutions, for total consideration of approximately $210 million. The deal is expected to close in the second quarter of 2024 and will expand Expro’s Well Construction and Well Intervention & Integrity offerings across multiple regions, leveraging Coretrax’s technology and Expro’s global footprint.
- Buyers
- Expro
- Targets
- Coretrax
- Sellers
- Investment group led by Buckthorn Partners
- Industry
- Energy
- Location
- United Kingdom
- Transaction Type
- Buyout
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