◂ Announcements

Jul 16, 2024ACQUISITIONUnited Arab Emirates

Enersol agrees to acquire 51% stake in NTS AMEGA for $58M

Enersol, a joint venture between ADNOC Drilling and Alpha Dhabi, has agreed to acquire a 51% equity stake in NTS AMEGA for approximately $58 million. NTS AMEGA is a global manufacturer of precision equipment for the energy sector.

Value

$58.0M

Status

Announced

Productsrotary steerable headsmeasuring/logging collarsdrilling toolssubsea components

CompaniesEnersol ADNOC Drilling Enersol acquirer Alpha Dhabi Holding investor Alpha Dhabi Holding partner ADNOC Drilling investor ADNOC Drilling partner NTS Amega Global target NTS AMEGA target

Sectors#Industrial Machinery

“Enersol has agreed to acquire a 51% equity stake in NTS AMEGA for a consideration of approximately $58 million”alphadhabi.com

3 sources
alphadhabi.comEnersol Signs Agreement to Acquire a Majority Stake in NTS AMEGA - Alpha Dhabi HoldingJul 16, 2024
ntsamega.comADNOC Drilling, Alpha Dhabi JV Enersol to acquire 51% stake in NTS Amega - NTS Amega GlobalSkylar WilliamsJul 17, 2024
oilandgasmiddleeast.comADNOC Drilling’s Enersol stake in NTS Amega Global drives future growthDean MikkelsenAug 13, 2024

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

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