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

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.