|This Slide: #69 of 100|
Slide #69. Forum Energy Technologies and Quantum Energy Partners — Global Tubing
Forum Energy Technologies and Quantum Energy Partners (NYSE:FET)
Forum Energy Technologies, Inc. (NYSE:FET) and Quantum Energy Partners announced today that they have entered into a definitive agreement to jointly acquire Global Tubing from ARC Financial Corp., a Calgary-based private equity firm, and a group of investors. Upon completion of the transaction, Forum and Quantum will each hold an equal interest in Global Tubing, and certain members of Global Tubing's management team will retain a small interest. Located in Dayton, Texas, Global Tubing provides coiled tubing strings and related services to customers worldwide. Completion of the transaction is subject to certain customary closing conditions. Further details of the transaction were not disclosed.
Forum Energy Technologies is an oilfield products company. Co. has three business segments: Drilling and Subsea, which provides drilling technologies, including capital equipment and a line of products consumed in the drilling process, and subsea technologies, including robotic vehicles and other capital equipment, and products used in pipeline infrastructure; Completions, which provides downhole technologies, including cementing and casing tools, completion products, and a range of downhole cable protection solutions; and Production and Infrastructure, which supplies production equipment, including well site production and process equipment, and a range of industrial and process valves.
FET SEC Filing Email Alerts Service
Open the FET Page at The Online Investor »
Hold (2.22 out of 4)
(ranked lower than approx. 90% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite