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New Deal


Announced

Helmerich & Payne to acquire DrillScan.

Financials

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

Tags

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Software

Single Bidder

France

drilling engineering software

Acquisition

Friendly

Private

Pending

Majority

Synopsis

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Helmerich & Payne, a petroleum contract drilling company, agreed to acquire DrillScan, a provider of proprietary drilling engineering software, well engineering services and training for the oil and gas industry. Financial terms were not disclosed. "The capabilities DrillScan brings are highly complementary to H&P Technologies’ drilling optimization and automation solutions. These software solutions, like other offerings in our portfolio, will be available to all E&P operators and directional drillers, regardless of drilling rig contractor," John Lindsay, H&P president and chief executive officer.

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