{"id":791369,"date":"2024-12-02T06:03:17","date_gmt":"2024-12-02T11:03:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/innovex-completes-purchase-of-downhole-well-solutions\/"},"modified":"2024-12-02T06:03:17","modified_gmt":"2024-12-02T11:03:17","slug":"innovex-completes-purchase-of-downhole-well-solutions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/innovex-completes-purchase-of-downhole-well-solutions\/","title":{"rendered":"Innovex completes purchase of Downhole Well Solutions"},"content":{"rendered":"<p>        <!--.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b><span class=\"bwuline\">Innovex completes purchase of Downhole Well Solutions<\/span><\/b><\/p>\n<p>HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nInnovex International, Inc. (NYSE: INVX) (\u201cInnovex\u201d), a leading provider of products and technologies to the oil and gas industry, is pleased to announce that it has completed the acquisition of the remaining equity ownership of Downhole Well Solutions, LLC (\u201cDWS\u201d). Innovex previously made a minority investment in DWS in May 2023 and is pleased to continue its successful partnership with DWS and its management team.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20241202805390\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241202805390\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241202805390\/en\/2316636\/4\/INVX-OB-Photo-20240920-CC-PRESS-6.jpg\" alt=\"Innovex completes purchase of Downhole Well Solutions (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Innovex completes purchase of Downhole Well Solutions (Photo: Business Wire)<\/p>\n<\/div>\n<p>\nFounded in 2019, DWS is a leading provider of proprietary drilling optimization and friction reduction tools that are rented to operators in multiple US Land markets. DWS\u2019 commitment to customer satisfaction and the superior performance of their unique tools have allowed them to quickly establish themselves as one of the premier providers of downhole drilling optimization tools in the US Land market.<\/p>\n<p>\n\u201cThis acquisition adds another industry leading technology to Innovex\u2019s product portfolio, enabling Innovex to offer customers a more complete portfolio,\u201d said Adam Anderson, CEO of Innovex. \u201cDWS has established a culture that is an excellent fit with Innovex\u2019s \u2018No Barriers\u2019 culture, and we look forward to working together to deliver superior growth, cash flow, and returns for our shareholders.\u201d<\/p>\n<p>\n\u201cWe are excited to join forces with Innovex and take the next step in our partnership,\u201d said Taylor Janca, Managing Partner of DWS. \u201cCombining with Innovex provides an ideal platform to further expand our technologies in the US Land market as well as establish ourselves in several international markets where there is strong demand for our technologies.\u201d<\/p>\n<p>\nA presentation providing further information on the transaction can be found on Innovex\u2019s investors website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Finvestors.innovex-inc.com%2F&amp;esheet=54158577&amp;newsitemid=20241202805390&amp;lan=en-US&amp;anchor=https%3A%2F%2Finvestors.innovex-inc.com%2F&amp;index=1&amp;md5=e0d4de210ec47df1290520b5f735ccd1\">https:\/\/investors.innovex-inc.com\/<\/a>.<\/p>\n<p><b>About Innovex International<\/b><\/p>\n<p>\nInnovex International, Inc (NYSE: INVX) is a Houston-based company established in 2024 following the merger of Dril-Quip, Inc and Innovex Downhole Solutions.<\/p>\n<p>\nOur comprehensive portfolio extends throughout the lifecycle of the well; and innovative product integration ensures seamless transitions from one well phase to the next, driving efficiency, lowering cost, and reducing the rig site service footprint for the customer.<\/p>\n<p>\nWith locations throughout North America, Latin America, Europe, the Middle East and Asia, no matter where you need us, our team is readily available with technical expertise, conventional and innovative technologies, and ever-present customer service.<\/p>\n<p><b>Cautionary Statement Regarding Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the performance and benefits of the Company&#8217;s products. Forward-looking statements are based upon certain assumptions and analyses made by the Company in light of its experience and other factors. These statements are subject to risks beyond the Company&#8217;s control, including, but not limited to, operating risks and other factors detailed in the Company&#8217;s public filings with the Securities and Exchange Commission. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual outcomes may vary materially from those indicated.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241202805390r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20241202805390\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241202805390\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations:<br \/>\n<\/b><br \/>Erin Fazio, Director of Corporate Finance<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:erin_fazio@dril-quip.com\">erin_fazio@dril-quip.com<br \/>\n<\/a><\/p>\n<p><b>Media Relations:<br \/>\n<\/b><br \/>Nichola Alexander, Senior Director of Marketing<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:nichola.alexander@innovex-inc.com\">nichola.alexander@innovex-inc.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Energy Other Energy Oil\/Gas<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241202805390\/en\/2316631\/3\/Innovex_Transparent_Background.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241202805390\/en\/2316636\/3\/INVX-OB-Photo-20240920-CC-PRESS-6.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Innovex completes purchase of Downhole Well Solutions (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Innovex completes purchase of Downhole Well Solutions HOUSTON&#8211;(BUSINESS WIRE)&#8211; Innovex International, Inc. (NYSE: INVX) (\u201cInnovex\u201d), a leading provider of products and technologies to the oil and gas industry, is pleased to announce that it has completed the acquisition of the remaining equity ownership of Downhole Well Solutions, LLC (\u201cDWS\u201d). Innovex previously made a minority investment in DWS in May 2023 and is pleased to continue its successful partnership with DWS and its management team. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20241202805390\/en\/ Innovex completes purchase of Downhole Well Solutions (Photo: Business Wire) Founded in 2019, DWS is a leading provider of proprietary drilling optimization and friction reduction tools that are rented to operators in multiple US Land &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/innovex-completes-purchase-of-downhole-well-solutions\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Innovex completes purchase of Downhole Well Solutions&#8221;<\/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-791369","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Innovex completes purchase of Downhole Well Solutions - 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\/innovex-completes-purchase-of-downhole-well-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Innovex completes purchase of Downhole Well Solutions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Innovex completes purchase of Downhole Well Solutions HOUSTON&#8211;(BUSINESS WIRE)&#8211; Innovex International, Inc. (NYSE: INVX) (\u201cInnovex\u201d), a leading provider of products and technologies to the oil and gas industry, is pleased to announce that it has completed the acquisition of the remaining equity ownership of Downhole Well Solutions, LLC (\u201cDWS\u201d). Innovex previously made a minority investment in DWS in May 2023 and is pleased to continue its successful partnership with DWS and its management team. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20241202805390\/en\/ Innovex completes purchase of Downhole Well Solutions (Photo: Business Wire) Founded in 2019, DWS is a leading provider of proprietary drilling optimization and friction reduction tools that are rented to operators in multiple US Land &hellip; Continue reading &quot;Innovex completes purchase of Downhole Well Solutions&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/innovex-completes-purchase-of-downhole-well-solutions\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-02T11:03:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20241202805390\/en\/2316636\/4\/INVX-OB-Photo-20240920-CC-PRESS-6.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/innovex-completes-purchase-of-downhole-well-solutions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/innovex-completes-purchase-of-downhole-well-solutions\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Innovex completes purchase of Downhole Well Solutions\",\"datePublished\":\"2024-12-02T11:03:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/innovex-completes-purchase-of-downhole-well-solutions\\\/\"},\"wordCount\":579,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/innovex-completes-purchase-of-downhole-well-solutions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20241202805390\\\/en\\\/2316636\\\/4\\\/INVX-OB-Photo-20240920-CC-PRESS-6.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/innovex-completes-purchase-of-downhole-well-solutions\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/innovex-completes-purchase-of-downhole-well-solutions\\\/\",\"name\":\"Innovex completes purchase of Downhole Well Solutions - 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View the full release here: https:\/\/www.businesswire.com\/news\/home\/20241202805390\/en\/ Innovex completes purchase of Downhole Well Solutions (Photo: Business Wire) Founded in 2019, DWS is a leading provider of proprietary drilling optimization and friction reduction tools that are rented to operators in multiple US Land &hellip; Continue reading \"Innovex completes purchase of Downhole Well Solutions\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/innovex-completes-purchase-of-downhole-well-solutions\/","og_site_name":"Market Newsdesk","article_published_time":"2024-12-02T11:03:17+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20241202805390\/en\/2316636\/4\/INVX-OB-Photo-20240920-CC-PRESS-6.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/innovex-completes-purchase-of-downhole-well-solutions\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/innovex-completes-purchase-of-downhole-well-solutions\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Innovex completes purchase of Downhole Well Solutions","datePublished":"2024-12-02T11:03:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/innovex-completes-purchase-of-downhole-well-solutions\/"},"wordCount":579,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/innovex-completes-purchase-of-downhole-well-solutions\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20241202805390\/en\/2316636\/4\/INVX-OB-Photo-20240920-CC-PRESS-6.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/innovex-completes-purchase-of-downhole-well-solutions\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/innovex-completes-purchase-of-downhole-well-solutions\/","name":"Innovex completes purchase of Downhole Well Solutions - 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