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Innovex International, Inc. and Dril-Quip Complete Merger to Form Unique Energy Industrial Platform

PUBLIC · INVXSep 06, 2024

Acquiring Company

Innovex International

Acquired Company

Dril-Quip

HoustonHoustonManufacturingElectronicsManufacturingEnergyOil And Gas

Description

Dril-Quip, Inc., a leading developer, manufacturer, and provider of highly engineered equipment and services for the global offshore and onshore oil and gas industry, has completed the merger with Innovex Downhole Solutions, Inc. The combined company, now known as Innovex International, Inc., aims to create a differentiated business with a curated portfolio of technologies to support customers throughout the well’s lifecycle, driving efficiency, lowering costs, and reducing the rig site service footprint for the customer.

Quick answer

Innovex International is acquiring Dril-Quip, announced September 6, 2024. Innovex International is based in Houston, Texas, United States.

How much did Innovex International pay for Dril-Quip?
The deal value was not disclosed.
What does Innovex International do?
Innovex International, Inc. is a Houston-based company established in 2024 following the merger of Dril-Quip, Inc and Innovex Downhole Solutions.
Where are Innovex International and Dril-Quip based?
Innovex International is based in Houston, Texas, United States. Dril-Quip is based in Houston, Texas, United States.
Who are the decision-makers at Innovex International?
Fundz holds 1 contact at Innovex International. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Innovex International

Location

Houston, Texas, United States

About

Innovex International, Inc. is a Houston-based company established in 2024 following the merger of Dril-Quip, Inc and Innovex Downhole Solutions. With a comprehensive portfolio extending throughout the lifecycle of the well, Innovex offers innovative product integration to ensure seamless transitions from one well phase to the next, driving efficiency, lowering cost, and reducing the rig site service footprint for the customer. The company has locations throughout North America, Latin America, Europe, the Middle East, and Asia, providing technical expertise, conventional and innovative technologies, and ever-present customer service.

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Frequently asked

Who acquired Dril-Quip?

Dril-Quip was acquired by Innovex International, based in Houston. The deal was reported on September 6, 2024. Innovex International, Inc. is a Houston-based company established in 2024 following the merger of Dril-Quip, Inc and Innovex Downhole Solutions. Innovex International is publicly traded (INVX) and operates in Manufacturing.

When did Innovex International acquire Dril-Quip?

Innovex International's acquisition of Dril-Quip was reported on September 6, 2024. Dril-Quip, Inc., a leading developer, manufacturer, and provider of highly engineered equipment and services for the global offshore and onshore oil and gas industry, has completed the merger with Innovex Downhole Solutions, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Dril-Quip do?

Dril-Quip, Inc. is a leading developer, manufacturer and provider of highly engineered equipment and services for the global offshore and onshore oil and gas industry. The company is listed on the New York Stock Exchange under the ticker symbol DRQ. It is privately held, operating in Manufacturing, and is based in Houston.

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