NCS Multistage Acquired by Weatherford | Energy M&A Deal

Weatherford has acquired NCS Multistage, a oilfield services business in the U.S. for $13.8 billion. NCS Multistage provides completion and well intervention services for unconventional resource development, supporting drilling contractors and operators with multistage stimulation and related downhole work. Weatherford acquisitions in oilfield services aim to expand its completions portfolio and increase exposure to shale and other unconventional plays. The platform acquisition is part of Weatherford’s strategic acquisition strategy, with deal value reported at $8 billion and additional figures cited around $15 million, and it was announced as a definitive agreement subject to customary closing conditions.