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Oil & Gas Equipment & Services M&A image Oil & Gas Equipment & Services M&A » By The Online Investor Staff, updated Thu., May. 6, 6:49 PM Recent mergers and acquisitions in the Oil & Gas Equipment & Services M&A category.

Slide #46. Tesco Corporation Automated Catwalks Technology from Custom Pipe Handlers Canada Inc.

Acquirer: Tesco Corporation (TESO)
Acquiree: Automated Catwalks Technology from Custom Pipe Handlers Canada Inc.
Details: TESCO Corporation (NASDAQ:TESO) today announced the acquisition of automated catwalk technology from Custom Pipe Handlers Canada Inc. The acquired catwalk models offer customers the ability to service drilling rigs utilizing state of the art rig mechanization technology. The catwalk designs are highly mobile and adaptable to various rig structures, offering high tech solutions for handling pipe from the ground to the rig floor.

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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Company Name: 
Tesco Corp
Stock buyback: 
TESO buyback
Oil & Gas Equipment & Services

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