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Expro to acquire Enhanced Drilling for $215.8m

TAKEN PRIVATEMay 07, 2026

Acquiring Company

Expro Group Holdings N.V

Acquired Company

Enhanced Well Technologies Group

HoustonNorwayEnergyOil And GasRenewable EnergyConstructionBiomass Energy

Description

Expro Group has agreed to purchase Enhanced Well Technologies Group (Enhanced Drilling) in an all-cash deal worth approximately $215.8 million. This acquisition will enhance Expro's service offerings by incorporating managed pressure drilling solutions. The deal is expected to positively impact cash flow and significantly contribute to Expro's order backlog in the coming years.

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Company Information

Company

Expro Group Holdings N.V

Location

Houston, Texas, United States

About

Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company considers to be best-in-class safety and service quality. The Company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions. With roots dating to 1938, Expro has approximately 8,500 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in more than 50 countries.

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Frequently asked

Who acquired Enhanced Well Technologies Group?

Enhanced Well Technologies Group was acquired by Expro Group Holdings N.V, based in Houston. The deal was reported on May 7, 2026. Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company considers to be best-in-class safety and service quality. Expro Group Holdings N.V is privately held and operates in Energy.

When did Expro Group Holdings N.V acquire Enhanced Well Technologies Group?

Expro Group Holdings N.V's acquisition of Enhanced Well Technologies Group was reported on May 7, 2026. Expro Group has agreed to purchase Enhanced Well Technologies Group (Enhanced Drilling) in an all-cash deal worth approximately $215.8 million. This acquisition will enhance Expro's service offerings by incorporating managed pressure drilling solutions. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Enhanced Well Technologies Group do?

Enhanced Drilling is a Norwegian drilling solutions provider offering riserless and riser-based technologies aimed at improving well economics. The company has extensive experience, having drilled over 1,000 wells using its innovative technologies. It is privately held, and is based in Norway.

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