Announced

Completed

Bluewater-backed Varel completed the acquisition of Sledgehammer Oil Tools.

Synopsis

Bluewater-backed Varel, one of the world's largest independent manufacturer and suppliers of downhole drilling and completions products, completed the acquisition of Sledgehammer Oil Tools, a provider of oilfield casing, cementing and completion products. Financial terms were not disclosed. This transaction further strengthens VES’s robust portfolio of casing and cementing products, fuelled by the legacy brand of Downhole Products, enabling the organisation to offer one of the industry’s leading sources of high-quality, low-cost primary cementing equipment to its customers.

Show Details & Financials

Did you work on this deal?

Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.

Sort

By continuing, you agree to our Terms & Conditions and our Data Privacy Policy

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US