Energy services provider Expro acquires cementing specialists DeltaTek Global

Energy services provider Expro acquires cementing specialists DeltaTek Global

(IN BRIEF) Expro, a leading energy services provider, expands its offering with the acquisition of DeltaTek Global, a well construction cementing specialist. The move will enhance Expro’s capabilities and technology portfolio within the well construction sector, while also supporting DeltaTek’s international growth ambitions through Expro’s extensive global network. With a focus on developing and delivering cutting-edge cementing solutions, DeltaTek has established a presence in key regions such as the UK, Norway, Gulf of Mexico, West Africa, and the Asia Pacific.

(PRESS RELEASE) HOUSTON, TX, United States, 9-Feb-2023 — /EuropaWire/ — Expro (NYSE: XPRO), the visionary full-cycle energy services expert, announces that it has expanded its offerings and capabilities with the acquisition of well construction cementing specialists, DeltaTek Global. The deal will enable Expro to broaden its technology portfolio within the well construction cementing sector and accelerate DeltaTek’s international deployment ambitions through Expro’s established global footprint.

DeltaTek, based in Aberdeen, is led by a team of experienced professionals who are focused on developing and deploying advanced cementing technologies to the offshore market. The company currently operates in several key regions including the UK, Norway, the Gulf of Mexico, West Africa and Asia Pacific.

With this acquisition, Expro aims to enhance its offerings and provide customers with a more comprehensive range of well construction services. The combination of Expro’s experience in well management and DeltaTek’s expertise in cementing solutions will provide a unique value proposition to customers in the oil and gas industry.

Expro’s Chief Technology Officer Steve Russell said: “This is an exciting transaction for Expro that we believe will deliver real value to our combined customer base. The DeltaTek range of low-risk open water cementing solutions increases clients’ operational efficiency, delivers rig time and cost savings, and improves the quality of cementing operations for our clients.

“Today’s announcement expands our well construction cementing capabilities through DeltaTek’s open water cementing systems and techniques. These strengths, technologies and ambitions complement Expro and we are delighted to welcome the DeltaTek team to the Expro family.”

The acquisition of DeltaTek is a significant step for Expro as it continues to expand its reach and offerings in the energy services sector. The company will continue to identify and pursue strategic opportunities to grow its business and deliver value to its customers.

Commenting on the acquisition, Tristam Horn, CEO and founder of DeltaTek, said: “The team and I are delighted to announce this milestone for DeltaTek. To join Expro, a leader in the industry, is a monumental moment for the company, our existing clients, and the wider industry as we continue to innovate and grow the Cure and ArticuLock portfolios to directly address well construction challenges. With Expro’s global footprint and strong customer base, we expect to deliver our technology to all operators across the entire well construction market through existing Expro channels, simplifying the global adoption of our value-adding services for our customers.”

Media contact:

Hannah Rumbles
Global Marketing and Communications Manager
MediaRelations@expro.com

SOURCE: Expro Group