Nabors Industries, a provider of offshore platform rigs, completed the acquisition of Tesco, an oilfield services company, for $223m. “Both Nabors and Tesco share a long heritage of innovation, with inventions that have significantly enhanced the safety and efficiency of drilling operations over the past decade. Today marks a new milestone for the future of our company. As we implement new levels of drilling automation and analytics, this combination of Tesco and Nabors’ exceptional talent and technologies strengthens our ability to accelerate and scale deployment while continuing to innovate. I am proud of the individuals from both organizations that diligently worked to close this transaction in four months. We anticipate achieving substantial operational and commercial synergies in the same expeditious manner,” Anthony G. Petrello, Nabors Chairman, President and CEO.