Expro Acquires Power Well Services

Sea Technology, Jul 2006

Expro International Group pic (Aberdeen, Scotland) recently announced the acquisition of Houston, Texasbased Power Well Services (PWS) Inc. for $674.5 million. PWS's operations include a global well testing business and a regional fluids analysis business, as well as choke equipment supply and related services to the land well market in the United States.

Expro's board of directors reports that the acquisition represents a significant opportunity for the group to accelerate its growth and increase its geographic spread and critical mass by bringing into the group complementary businesses with a largely different geographic spread, covering more areas around the globe.

"The combination of Power Well with Expro creates a clear market leader in well testing services," said David Reamer, chief executive officer of Power Well. "Our employees and customers will benefit from the blending of the skill sets and capabilities of these two fine organizations. Additionally, I expect that the combination will enhance many of our current offerings and open the door to numerous new and exciting opportunities."

For more information, visit www.exprogroup.com or www.powerwcllservices.com.