Varel Energy Solutions Acquires Sledgehammer Oil Tools
July 5, 2022
Varel Energy Solutions (VES), a Houston-based manufacturer of downhole drilling and completion products, has acquired Sledgehammer Oil Tools Pvt. Ltd., a Northern India-based supplier of casing, cementing and completion products. The deal (completed July 2022) expands VES's manufacturing footprint and product capabilities across the Middle East, Asia and Europe; VES is PE-backed (Bluewater) and is treating Sledgehammer as an add-on to its portfolio.
- Buyers
- Varel Energy Solutions, Bluewater
- Targets
- Sledgehammer Oil Tools Pvt. Ltd.
- Platforms
- Varel Energy Solutions
- Industry
- Manufacturing
- Location
- Haryana, India
- Transaction Type
- Addon
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