# Expro and Frank's International to combine in all-stock merger

Expro Group and Frank's International announced a definitive agreement to combine in an all-stock transaction. Expro shareholders will own approximately 65% of the combined entity, with Frank's shareholders owning approximately 35%. The combined company will have no debt and approximately $285 million of cash.

- Type: Acquisition
- Announced: 2021-03-11
- Where: United Kingdom
- Status: announced
- Products: well access and flow optimization services, drilling and completions solutions
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Expro](https://endata.com/companies/4207.md) (acquirer)
- [Frank's International](https://endata.com/companies/53777.md) (target)

## Sources

- [expro.com](https://www.expro.com/media-hub/news/expro-and-franks-to-combine-to-create-a-leading-full-cycle-service-provider), 2021-03-11: "This transaction unites two established industry players to create a leading service provider with an extensive portfolio of capabilities across the well lifecycle."

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