Helmerich & Payne completed the acquisition of KCA Deutag for $1.97bn.

Helmerich & Payne, a petroleum contract drilling company engaged in oil and gas well drilling and related services, completed the acquisition of KCA Deutag, a provider of drilling and engineering contractor services with a focus on onshore and offshore worldwide, for $1.97bn. “We are excited to complete this transformative acquisition and welcome KCA Deutag’s talented employees to H&P. Today marks an important milestone for our company, customers and shareholders as we create an organization with an enhanced global footprint, exceptional service capability and superior technology offering. We are focused on ensuring a seamless transition and delivering on the strategic and financial benefits of the transaction," John Lindsay, Helmerich & Payne President and CEO.