Headquarteredin Aberdeen, IWC designs, develops and manufactures real-time surveyingequipment based on measurement-while-drilling (MWD) technology.
Aberdeen-basedpartner of Energy Ventures Greg Herrera said the sale, which was inked in late November and has now completed, proved the value ofEnergy Ventures investment in the contractor dating to January 2012.
“Tthe IWCsale is a successful exit and one which underlines our commitment toidentifying and supporting companies with a marketable technology which has theability to provide solutions to long-term oilfield challenges,” Herrera said.
The
