Peloton to acquire Cevian Technologies for completions software

Peloton, an oilfield software developer, agreed to acquire Cevian Technologies, developer of the FracNet completions platform. The deal fills a gap in Peloton's product line for drilling, production, and land management software. The purchase price was not disclosed.

“Oilfield software developer Peloton said on Wednesday it has reached an agreement to acquire Cevian Technologies for an undisclosed sum.”jpt.spe.org

• 1 source
• jpt.spe.orgPeloton Moves To Buy Real-Time Completions Software CompanyTrent JacobsFeb 24, 2021

Summarized from public sources; check the original articles before acting on it.