Forum Energy Technologies completed the acquisition of Variperm Energy Services from SCF Partners for $150m.

Forum Energy Technologies, a company that offers manufactured technologies and applied products to the energy industry, completed the acquisition of Variperm Energy Services, a company that engineers and manufactures Sand Control and Flow Control products for operators around the world, from SCF Partners, a private equity firm, for $150m. “This accretive acquisition enhances FET’s downhole and artificial lift product portfolio by adding a leading manufacturer of customized downhole technology solutions in sand and flow control for heavy oil applications. We expect the combined global footprint of FET and Variperm to benefit both legacy FET and Variperm products. We are excited to welcome the Variperm employees to the FET team,” Neal Lux, FET President and CEO.