Oil States International, Inc. acquired E-Flow Control Holdings Limited for $8.1 million.
April 27, 2022
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Oil States International, Inc. (NYSE:OIS) acquired E-Flow Control Holdings Limited for $8.1 million on April 14, 2022. The purchase price of $8.1 million (net of cash acquired and subject to customary post-closing adjustments) was funded with cash on-hand.
Oil States International, Inc. (NYSE:OIS) completed the acquisition of E-Flow Control Holdings Limited on April 14, 2022.
Oil States International, Inc. is a global provider of manufactured products and services to customers in the energy, industrial and military sectors. The Company's manufactured products include highly engineered capital equipment, as well as products consumed in the drilling, well construction and production of oil and natural gas. It operates through three segments. The Offshore/Manufactured Products segment designs, manufactures and markets capital equipment utilized on floating production systems, subsea pipeline infrastructure, and offshore drilling rigs and vessels, along with short-cycle and other products. The Well Site Services segment includes a range of equipment and services that are used to drill for, establish and maintain the flow of oil and natural gas from a well throughout its life cycle. The Downhole Technologies segment provides oil and gas perforation systems and downhole tools in support of completion, intervention, wireline and well abandonment operations.