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New Deal


Announced

Completed

Expro Group completed the merger with Frank's International.

Financials

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

Tags

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engineered drilling

Cross Border

Friendly

Public

Majority

United States

Offshore Drilling and Other Services

Single Bidder

Acquisition

Merger

Completed

Reverse Takeover

Synopsis

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Expro Group, a privately-held international energy services company, completed the merger with Frank's International, a global oil services company that provides a broad range of highly engineered drilling and completions solutions and services. Expro shareholders received a fixed exchange ratio of 7.272 shares of Frank's for each share of Expro owned, subject to adjustment in specified circumstances. Expro shareholders now own c. 65% of the merged entity, with Frank's shareholders owning c. 35%. “This is an exciting day for Expro and Frank’s as we bring our companies together to create a new global leader with the breadth of capabilities and expertise across the well lifecycle to better support customers. I would like to thank everyone at Expro and Frank’s for their great work in completing the transaction, planning for a successful integration, and positioning the combined company for long-term success. With our broad portfolio of services and solutions, enhanced scale, global operating footprint and strong, debt-free balance sheet, Expro is well positioned for an expected industry recovery and is well positioned to deliver compelling value for shareholders," Mike Jardon, Expro Chief Executive Officer.

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