Innovex completed the acquisition of Citadel Casing Solutions.

Innovex, a company that specializes in developing and manufacturing technology solutions for various industries, completed the acquisition of Citadel Casing Solutions, an oil field equipment supplier. Financial terms were not disclosed. “We are excited to add another strong team and complementary set of products to Innovex’s portfolio. Citadel has successfully grown its business through-cycle by adhering to a culture which is in line with our ‘No-Barriers’ approach. Citadel’s products drive efficiencies by reducing cycle times, and its TrenchFoot™ Wet Shoe technology increases reservoir access resulting in increased production for our customers. As a result of its technology centric approach, Citadel has outgrown the market over the last few years, and we expect this to continue over the next few years. This acquisition bolsters our leadership position in the cementing tool market in US Land and supports our efforts to grow market share in the offshore and international markets,” Adam Anderson, Innovex CEO.