{"id":730003,"date":"2023-02-09T04:03:04","date_gmt":"2023-02-09T09:03:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/expro-enhances-well-construction-portfolio-with-acquisition-of-deltatek-global\/"},"modified":"2023-02-09T04:03:04","modified_gmt":"2023-02-09T09:03:04","slug":"expro-enhances-well-construction-portfolio-with-acquisition-of-deltatek-global","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/expro-enhances-well-construction-portfolio-with-acquisition-of-deltatek-global\/","title":{"rendered":"Expro Enhances Well Construction Portfolio With Acquisition of DeltaTek Global"},"content":{"rendered":"

<\/p>\n

Expro Enhances Well Construction Portfolio With Acquisition of DeltaTek Global<\/b><\/p>\n

DeltaTek\u2019s cementing technologies expand client offering<\/b><\/p>\n

HOUSTON–(BUSINESS WIRE<\/a>)–
\nEnergy services provider, Expro (NYSE: XPRO), today announced the acquisition of well construction cementing specialists DeltaTek Global (\u201cDeltaTek\u201d).\n<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230207006078\/en\/<\/a><\/p>\n

\"Tristam<\/p>\n

Tristam Horn, DeltaTek CEO and founder alongside Expro’s Chief Operating Officer, Alistair Geddess (Photo: Business Wire)<\/p>\n<\/div>\n

\nThe acquisition allows Expro to broaden its offering, capabilities, and technology portfolio within the well construction cementing sector, while accelerating DeltaTek\u2019s international deployment ambitions through Expro\u2019s global footprint.\n<\/p>\n

\nExpro\u2019s Chief Technology Officer Steve Russell said: \u201cThis 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\u2019 operational efficiency, delivers rig time and cost savings, and improves the quality of cementing operations for our clients.\n<\/p>\n

\n\u201cToday\u2019s announcement expands our well construction cementing capabilities through DeltaTek\u2019s 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.\u201d\n<\/p>\n

\nAberdeen based DeltaTek has an experienced leadership team 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.\n<\/p>\n

\nCommenting on the acquisition, Tristam Horn, CEO and founder, said: \u201cThe 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\u2019s 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.\u201d\n<\/p>\n

NOTES TO EDITORS:<\/b><\/p>\n

About Expro<\/b><\/p>\n

\nWorking for clients across the well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company believes to be best-in-class safety and service quality. The Company\u2019s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions.\n<\/p>\n

\nWith roots dating to 1938, Expro has approximately 7,600 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in approximately 60 countries.\n<\/p>\n

\nFor more information, please visit: expro.com<\/a> and connect with Expro on Twitter @ExproGroup<\/a> and LinkedIn @Expro<\/a>.\n<\/p>\n

About DeltaTek<\/b><\/p>\n

\nWith advanced downhole technologies, DeltaTek\u2019s mission is simple: to deliver ultimate cement placement. 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.\n<\/p>\n

\nThis year the team is a finalist in the Innovator, Exceptional Impact Company \u2013 SME and Young Professional categories of the 2023 Offshore Achievement Awards as well as a finalist in the Innovation category at the Northern Star Awards and ranked in the Elite Business 100 Awards.\n<\/p>\n

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS<\/b><\/p>\n

\nThis press release, and oral statements made from time to time by representatives of the Company, may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, the success of the DeltaTek acquisition, and the Company\u2019s environmental, social and governance goals, targets and initiatives, and are indicated by words or phrases such as “anticipate,” “outlook,” “estimate,” “expect,” “project,” “believe,” “envision,” “goal,” “target,” “can,” “will,” and similar words or phrases. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on the Company’s expectations and judgments and are subject to certain risks and uncertainties, many of which are unforeseeable and beyond our control. The factors that could cause actual results, performance or achievements to materially differ include, among others the risk factors identified in the Company\u2019s Annual Report on Form 10-K, Form 10-Q and Form 8-K reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, historical practice, or otherwise.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230207006078\/en\/<\/a><\/span><\/p>\n

Expro<\/b>: Kay Drummond kay.drummond@expro.com
\n<\/a><\/p>\n

Fifth Ring for Expro:<\/b> Andy Groundwater andy.groundwater@fifthring.com<\/a> +44 1224 628088<\/p>\n

DeltaTek:<\/b> Leigh-Ann Rogie +44 1224 623960; leigh-ann@thinkpr.co.uk<\/a>; or Annabel Sall +44 1224 623960 \/ 07775 868580; annabel@thinkpr.co.uk<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Texas<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Energy Construction & Property Oil\/Gas Alternative Energy Energy Engineering Other Construction & Property Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n\n\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
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Alistair Geddes, Expro’s Chief Operating Officer with Tristam Horn, DeltaTek CEO and founder (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n
Photo<\/b><\/font><\/td>\n<\/tr>\n
\"Photo\"<\/td>\n<\/tr>\n
Tristam Horn, DeltaTek CEO and founder alongside Expro’s Chief Operating Officer, Alistair Geddess (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Expro Enhances Well Construction Portfolio With Acquisition of DeltaTek Global DeltaTek\u2019s cementing technologies expand client offering HOUSTON–(BUSINESS WIRE)– Energy services provider, Expro (NYSE: XPRO), today announced the acquisition of well construction cementing specialists DeltaTek Global (\u201cDeltaTek\u201d). This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230207006078\/en\/ Tristam Horn, DeltaTek CEO and founder alongside Expro’s Chief Operating Officer, Alistair Geddess (Photo: Business Wire) The acquisition allows Expro to broaden its offering, capabilities, and technology portfolio within the well construction cementing sector, while accelerating DeltaTek\u2019s international deployment ambitions through Expro\u2019s global footprint. Expro\u2019s Chief Technology Officer Steve Russell said: \u201cThis is an exciting transaction for Expro that we believe will deliver real value to our combined customer base. The DeltaTek range … <\/p>\n

Continue reading “Expro Enhances Well Construction Portfolio With Acquisition of DeltaTek Global”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-730003","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nExpro Enhances Well Construction Portfolio With Acquisition of DeltaTek Global - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/expro-enhances-well-construction-portfolio-with-acquisition-of-deltatek-global\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expro Enhances Well Construction Portfolio With Acquisition of DeltaTek Global - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Expro Enhances Well Construction Portfolio With Acquisition of DeltaTek Global DeltaTek\u2019s cementing technologies expand client offering HOUSTON–(BUSINESS WIRE)– Energy services provider, Expro (NYSE: XPRO), today announced the acquisition of well construction cementing specialists DeltaTek Global (\u201cDeltaTek\u201d). This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230207006078\/en\/ Tristam Horn, DeltaTek CEO and founder alongside Expro’s Chief Operating Officer, Alistair Geddess (Photo: Business Wire) The acquisition allows Expro to broaden its offering, capabilities, and technology portfolio within the well construction cementing sector, while accelerating DeltaTek\u2019s international deployment ambitions through Expro\u2019s global footprint. Expro\u2019s Chief Technology Officer Steve Russell said: \u201cThis is an exciting transaction for Expro that we believe will deliver real value to our combined customer base. 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This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230207006078\/en\/ Tristam Horn, DeltaTek CEO and founder alongside Expro’s Chief Operating Officer, Alistair Geddess (Photo: Business Wire) The acquisition allows Expro to broaden its offering, capabilities, and technology portfolio within the well construction cementing sector, while accelerating DeltaTek\u2019s international deployment ambitions through Expro\u2019s global footprint. Expro\u2019s Chief Technology Officer Steve Russell said: \u201cThis is an exciting transaction for Expro that we believe will deliver real value to our combined customer base. 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