Superior Energy Services has agreed to acquire Welltec, following the acceptance of its offer by Welltec's majority shareholders, Exor and 7-Industries. The financial terms of the agreement were not disclosed.
Welltec stated that the companies exhibit strong complementarity in geographic market positions and technology portfolios, particularly in completions. Under Superior Energy Services' future ownership, Welltec expects to strengthen its long-term competitive position and continue operating under the Welltec brand name, delivering intervention, isolation, and completion services and products.
The transaction is expected to finalize during the first half of 2027.