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Slide #71. Forum Energy Technologies, Inc. — Blohm + Voss Oil Tools
Forum Energy Technologies, Inc. (NYSE:FET)
Blohm + Voss Oil Tools
Forum Energy Technologies, Inc. (NYSE:FET) announced today that it has entered into a definitive agreement to acquire Blohm + Voss Oil Tools from STAR Capital Partners Limited (STAR), a London based private equity firm. 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.'s segments include: Drilling and Downhole, which provides drilling technologies including capital equipment and products consumed in the drilling process, downhole technologies including cementing and casing tools and protection products, and subsea technologies including robotic vehicles and other capital equipment; Completions, which provides stimulation and intervention technologies including hydraulic fracturing pumps and pump consumables, and coiled tubing products including coiled tubing strings and coiled line pipe; and Production, which supplies production equipment including well site production and process equipment.
Open the FET Page at The Online Investor »
Hold (2.00 out of 4)
(ranked lower than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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