READ (together with subsidiaries READ Cased Gap and ANSA) has introduced a brand new chapter of their company evolution inside international well-integrity providers and options.
For the reason that institution of a joint possession mannequin with HydraWell in 2022, READ and ANSA revenues have doubled, and outcomes have improved considerably. HydraWell Holding AS has at this time introduced that efficient instantly, READ and ANSA have been acquired by a consortium of recent and current Norwegian buyers. The worth of the deal has not been disclosed.
READ has a long-established historical past of delivering knowledgeable effectively integrity providers and options for purchasers world wide and stay dedicated to its respective operational hubs in Aberdeen, Texas, Alaska and Qatar with no materials adjustments to workers or operations anticipated.
Managing Director of READ Cased Gap, Bruce Melvin mentioned: “By way of the joint possession mannequin with HydraWell we had been capable of pool our energy and sources to realize the monetary stability wanted to ship on our short-term progress technique. Having efficiently achieved that, this newest transfer will permit our new house owners to raise the enterprise, together with potential acquisitions and funding in new know-how.”
