Weatherford International to Acquire NCS Multistage in a Strategic Stock and Cash Deal

Empowering Energy Solutions: A New Chapter of Growth and Innovation

Weatherford International's Strategic Acquisition of NCS Multistage

Weatherford International recently disclosed its definitive plan to acquire NCS Multistage, a transaction structured to involve both company stock and cash. This strategic move is anticipated to be immediately beneficial to Weatherford's adjusted free cash flow per share. Furthermore, the company projects achieving at least $15 million in annual cost efficiencies within a year and a half following the deal's closure.

Enhancing Well Completion Capabilities and Operational Efficiency

This proposed acquisition is poised to significantly bolster Weatherford International's portfolio of completion services. By integrating NCS Multistage's specialized technological solutions, Weatherford aims to refine well completion processes and optimize field development, particularly within complex unconventional resource landscapes. This synergy is expected to deliver superior operational outcomes for clients across the entire lifecycle of oil and gas wells, from initial design to production maximization.

Global Expansion and Accelerated Growth Through Combined Strengths

Leveraging Weatherford's extensive international presence, the company intends to broaden the market access for NCS Multistage's innovative product range, reaching a wider global customer base. Leadership teams from both organizations have emphasized that this merger will not only enhance Weatherford's service capabilities but also create a robust platform for the accelerated advancement of the technology and personnel previously associated with NCS Multistage.

Weatherford's Comprehensive Offerings in the Energy Sector

Weatherford International is a prominent provider of products and services essential for the drilling, evaluation, and intervention of oil, geothermal, and natural gas wells. Its diverse product line includes equipment for pressure drilling, as well as electrical and hydraulic power transmission. The company's service offerings encompass re-entry, fishing operations, and comprehensive well abandonment solutions, among others, demonstrating its holistic approach to energy exploration and production.