Expro to Enhance Subsea Well Access Offering with Acquisition of PRT Offshore

28 August 2023

Expro (NYSE: XPRO), a leading provider of energy services, today announced it had entered into a definitive agreement (subject to customary closing conditions and working capital adjustments) to acquire offshore services provider, PRT Offshore.

Total consideration to be paid at closing is approximately $106 million, including $62 million of cash and $44 million of newly issued Expro shares. Potential additional consideration will be based on PRT Offshore’s financial performance during the four quarters following closing.

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Expro to Enhance Subsea Well Access Offering with Acquisition of PRT Offshore

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