7-Industries and Exor completed the acquisition of a 95% stake in Welltec.

7-Industries and Exor, investment companies, completed their acquisition of a 95% in Welltec, an international provider of robotic well solutions for the oil and gas industry. Financial terms were not disclosed. “We are global leaders in our service and products categories and are determined to strengthen our positions further. With this strong support from our dedicated owners, we can now accelerate our development within carbon capture & storage and geothermal as we continue to be a global leader in our niche segments within oil and gas. I believe this will create a solid platform for the future,” Peter Hansen, Welltec CEO.