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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