Expro eyeing market growth after broadening drilling tech offering with acquisition of Norwegian firm
What happened
Expro completed the acquisition of Enhanced Well Technologies (Enhanced Drilling), adding MPD, controlled mud level (CML) and riserless mud recovery capabilities to its portfolio. The deal was sized at roughly NOK 2 billion in cash plus customary adjustments and the company plans to globalise the technology, explicitly targeting markets including Australia. For procurement, watch how Expro prices mobilisation and whether it seeks preferred or framework deals to commercialise the tech regionally
Why the category manager should care
Treat this as an operational capability expansion, not just corporate news; it creates a nearer‑term supplier option for MPD‑dependent completions in APAC
Key facts
- Acquisition approximately NOK 2 billion cash plus adjustments
- Adds MPD, controlled mud level drilling (CML), and riserless mud recovery
- Vendor signals intent to expand into Australia and other growth markets