# 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.

- Type: Acquisition
- Announced: 2024-07-16
- Where: United Arab Emirates
- Value: $58.0M
- Status: announced
- Products: rotary steerable heads, measuring/logging collars, drilling tools, subsea components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Enersol](https://endata.com/companies/18377.md)
- [ADNOC Drilling](https://endata.com/companies/66336.md)
- [Enersol](https://endata.com/companies/18377.md) (acquirer)
- [Alpha Dhabi Holding](https://endata.com/companies/58711.md) (investor)
- [Alpha Dhabi Holding](https://endata.com/companies/58711.md) (partner)
- [ADNOC Drilling](https://endata.com/companies/66336.md) (investor)
- [ADNOC Drilling](https://endata.com/companies/66336.md) (partner)
- [NTS Amega Global](https://endata.com/companies/77194.md) (target)
- [NTS AMEGA](https://endata.com/companies/78647.md) (target)

## Sources

- [alphadhabi.com](https://alphadhabi.com/news/enersol-signs-agreement-to-acquire-a-majority-stake-in-nts-amega/), 2024-07-16: "Enersol has agreed to acquire a 51% equity stake in NTS AMEGA for a consideration of approximately $58 million"
- [ntsamega.com](https://www.ntsamega.com/news/adnoc-drilling-alpha-dhabi-jv-enersol-to-acquire-51-stake-in-nts-amega/), 2024-07-17: "Enersol, a joint venture between ADX-listed companies ADNOC Drilling and Alpha Dhabi Holding, has agreed to acquire a 51% stake in NTS Amega Global."
- [oilandgasmiddleeast.com](https://www.oilandgasmiddleeast.com/business/adnoc-drillings-enersol-stake-in-nts-amega-global-drives-future-growth), 2024-08-13: "ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has advanced its global expansion and technological capabilities through Enersol, by acquiring a 51% stake in NTS Amega Global."

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