Hunting to acquire Organic Oil Recovery for $17.5m.

Hunting, a precision engineering group, agreed to acquire Organic Oil Recovery, an oil recovery technology firm, for $17.5m. "Following the acquisition of this exciting business, Hunting now has the ability to deploy this remarkable technology globally. The technology is currently being evaluated by many blue-chip customers, with the benefits to the operator clear. For Hunting, the business will be margin accretive and strongly position the Company to reach its Hunting 2030 Strategy targets in the medium term as commercialisation accelerates," Jim Johnson, Hunting CEO.