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Announced

Completed

Excellence Logging completed the acquisition of surface data logging business of Weatherford International for $50m.

Financials

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Transaction Value£37m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Majority

Completed

India

Cross Border

Friendly

oil exploration

Oil Equipment and Services

Acquisition

oil field services

Private

Synopsis

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Excellence Logging, an hydrocarbon exploration company, completed the acquisition of surface data logging business of Weatherford International, an oil and gas company, for $50m. "With the purchase of Weatherford's surface data logging business, Excellence Logging will become the largest independent provider of mud logging services in the oil and gas services sector. It is our singular dedication to innovation, focus and quality provided by motivated people passionate about what they do that will drive our performance. The scale of Weatherford's mud logging operations, long history in this business, and experienced personnel will complement our own to give us a truly global presence," Bruno Burban, Excellence Logging President and CEO.

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