Badger buys Dwellop
Norwegian tech developer gains bolt-on acquisition in well intervention field
Norwegian drilling technology developer Badger Explorer is set to acquire compatriot Dwellop in a Nkr190 million ($22.4 million) cash-and-shares deal.
Stavanger-based Badger, which has been developing an autonomous drilling tool, will get its hands on Dwellop’s business supplying topside handling equipment for well intervention and plugging and abandonment (P&A) after signing a letter of intent for the transaction.
Dwellop, also based in Stavanger, is presently pursuing talks with clients for modular rig
Badger buys Dwellop
Norwegian tech developer gains bolt-on acquisition in well intervention field