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

Enersol RSC LTD, a joint venture of ADNOC Drilling and Alpha Dhabi Holding, has agreed to acquire a 51% equity stake in NTS AMEGA, a provider of advanced manufacturing and tool repair for the oil and gas sector, for approximately $58 million.

- Type: Acquisition
- Announced: 2024-07-17
- Where: United Arab Emirates
- Value: $58.0M
- Status: announced
- Products: drilling tools, rotary steerable heads, measuring/logging collars, tool repair and rental
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Alpha Dhabi Holding](https://endata.com/companies/58711.md) (partner)
- [ADNOC Drilling](https://endata.com/companies/66336.md) (partner)
- [NTS AMEGA](https://endata.com/companies/78647.md) (target)
- [Enersol RSC LTD](https://endata.com/companies/78676.md) (acquirer)

## Sources

- [rigzone.com](https://www.rigzone.com/news/adnoc_drilling_jv_to_acquire_stake_in_drilling_solutions_firm-17-jul-2024-177430-article/), 2024-07-17: "Enersol RSC LTD, the joint venture of ADNOC Drilling Company PJSC and Alpha Dhabi Holding PJSC, has agreed to acquire a 51 percent equity stake in NTS AMEGA for a consideration of approximately $58 million."

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