Varel International Energy Services to be acquired by Sandvik

HOUSTON -- Varel International Energy Services, the parent company of Varel International and Downhole Products, has agreed to sell the company, in its entirety, to Sandvik. The acquisition price amounts to approximately $740 million. The closing of the acquisition is expected to occur during first-half 2014.


Varel International Energy Services to be acquired by Sandvik Varel International Energy Services to be acquired by Sandvik Reviewed by Crude Oil Facilitators on 20:28 Rating: 5

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