Expro has officially completed its acquisition of Coretrax, marking a significant milestone in the growth of both businesses.
The acquisition will allow Expro to expand its portfolio of cost-effective, technology-enable well construction, well intervention and integrity solutions, while Coretrax will be able to accelerate its technology application globally.
John Fraser, CEO of Coretrax, highlighted how this acquisition marks the start of a “brand-new chapter” for the company by uniting with Expro to expand its capabilities: “Completing this agreement means both organisations working in sync to take on the most complex well challenges. We are proud of our innovation-led approach, strong customer base and performance history as we join forces with Expro to create greater value for customers around the globe.”
Michael Jardon, Chief Executive Officer at Expro, added, “We expect the acquisition to accelerate the growth of Coretrax’s innovative, high value-adding drilling optimisation, well integrity and production enhancing technology solutions by leveraging Expro’s global operating footprint.”
