Element Technical Services to acquire Essential Energy Services for $44.8M

Element Technical Services, through a subsidiary, will acquire all shares of Essential Energy Services for CAD 0.40 per share, totaling CAD 60.5 million ($44.8 million). The deal is subject to shareholder approval and expected to close after a special meeting on or around November 7, 2023.

“Element Technical Services Inc., via its wholly owned subsidiary 2544592 Alberta Ltd. (Subco), will acquire all the issued and outstanding common shares of Essential Energy Services Ltd. in a definitive amalgamation agreement.”rigzone.com

• 1 source
• rigzone.comElement to Acquire Essential Energy for $44.8MM | RigzoneRocky TeodoroSep 18, 2023

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