Mergers & AcquisitionsBy The Online Investor Staff, updated Thu., Feb. 27, 3:38 PM
|This Slide: #64 of 100|
Slide #64. National Energy Services Reunited Corp. — Sahara Petroleum Services Company S.A.E.
National Energy Services Reunited Corp. (NASDAQ:NESR)
Sahara Petroleum Services Company S.A.E.
National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR) (NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") and Asia Pacific, announced their entry into an agreement pursuant to which NESR will acquire Sahara Petroleum Services Company S.A.E. ("SAPESCO"), the largest indigenous oilfield services company in Egypt with operations across the MENA region.
National Energy Services Reunited, through its wholly-owned subsidiaries, NPS Holdings Limited and Gulf Energy S.A.O.C., is a regional provider of products and services to the oil and gas industry in the Middle East and North Africa and Asia Pacific regions. Co. has two segments, Production Services and Drilling & Evaluation Services. Co.'s Production Services segment includes the services that are generally provided and performed during the production stage of a well's lifecycle. Co.'s Drilling and Evaluation Services segment includes services that are generally provided and performed during pre-production stages of a well's lifecycle and related mainly to the operation of oil rigs.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 88% of all stocks covered)
Based on Zacks ABR data;
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