Plants & Goodwin Inc., a Subsidiary of Zefiro Methane Corp., acquires stake and patent license from Winterhawk Well Abandonment Ltd.
Aug 14, 2024•over 1 year ago
Acquiring Company
Plants & Goodwin
Acquired Company
Winterhawk Well Abandonment Ltd
Bradford
CalgaryOil And GasManufacturingEnergyOil And GasDescription
Plants & Goodwin Inc., a subsidiary of Zefiro Methane Corp., has acquired a minority stake in Winterhawk Well Abandonment Ltd. and obtained an exclusive U.S. patent license. This strategic move strengthens P&G's position in the oil and gas industry by expanding its technology portfolio with Winterhawk's innovative downhole tools and patented technologies.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
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