Energy services provider Expro has acquired well construction cementing company DeltaTek Global.
The acquisition allows Reading-headquartered Expro to broaden its capabilities and technology portfolio within the well construction sector, while accelerating Aberdeen-based DeltaTek’s international deployment ambitions.
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.”
DeltaTek is focused on developing and deploying cementing technologies to the offshore market, with operations across the UK, Norway, the Gulf of Mexico, west Africa and Asia Pacific.
Chief executive and founder Tristam Horn said: “To join Expro 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.”
With roots dating to 1938, Expro has approximately 7,600 employees - including 740 people already in Aberdeen - and provides services exploration and production companies in both onshore and offshore environments in approximately 60 countries.
Founded in 2015, and with a team of 15, DeltaTek has developed technologies which are deployable to all well construction projects, for subsea, platform or land cementing operations.
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