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Slide #2. Tesco Corporation — Tech Field Services Inc.
Tesco Corporation (TESO)
Tech Field Services Inc.
TESCO Corporation (NASDAQ:TESO) today announced the signing of a definitive agreement between its subsidiary, Tesco Corporation (US), and Tech Field Services Inc. ("TFS"). Under the terms of the definitive agreement, Tesco Corporation (US) has acquired the assets of TFS and will incorporate the TFS business into its United States After-Market Sales and Service ("AMSS") operations. The combination of the TESCO AMSS United States operations with TFS enhances TESCO's ability to service and recertify TESCO and Non-Tesco top drive units and other automated pipe handling equipment.
Tesco is engaged in the design, assembly, and service delivery of technology-based solutions for the upstream energy industry. Co.'s product and service offerings consist mainly of equipment sales and services to oil and natural gas service companies and exploration and production operating companies. Co.'s business segments include: products, which comprised of top drives and automated pipe handling equipment sales, rentals and aftermarket sales and services; tubular services, which includes onshore and offshore tubular services; and research and engineering, which consists of internal research, engineering, and development activities related to its products and tubular services.
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Hold (2.17 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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