# Enhanced Well Technologies acquires IKM Cleandrill

Enhanced Well Technologies AS, owned by EV Private Equity, Shell Ventures B.V. and the IKM Group, acquired IKM Cleandrill AS, a specialist provider of riserless mud recovery services. Both companies are headquartered in Bergen, Norway.

- Type: Acquisition
- Announced: 2019-11-26
- Where: Bergen, Norway, Norway
- Status: completed
- Products: riserless mud recovery services, subsea drilling fluids management
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Enhanced Well Technologies](https://endata.com/companies/43531.md) (acquirer)
- [IKM Cleandrill](https://endata.com/companies/43532.md) (target)
- [EV Private Equity](https://endata.com/companies/43533.md) (investor)
- [Shell Ventures](https://endata.com/companies/43534.md) (investor)
- [IKM Group](https://endata.com/companies/43535.md) (investor)

## Sources

- [ikm.com](https://www.ikm.com/news/ikm-cleandrill-merges-with-enhanced-drilling), 2019-11-26: "This acquisition is part of a strategic plan to develop an industry leading riserless mud recovery and managed pressure drilling services provider with the potential for rapid global growth."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.