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Alkhorayef Petroleum Company acquired GRC Technologies LLC, a UK maker of precision downhole gauges and well instrumentation, through a carve-out from Sercel. GRC becomes a wholly owned subsidiary and will keep operating under its own brand.
“APC has acquired GRC from Sercel through a carve-out, establishing it as a wholly owned subsidiary of APC.”grctechnologies.com
Summarized from public sources; check the original articles before acting on it.