NCS Multistage Acquired by Weatherford | Energy M&A Deal

Weatherford has completed the acquisition of NCS Multistage, a energy services other business in Texas, for $15 million. Weatherford acquires NCS Multistage to expand well completions technology and deepen unconventional resource capabilities for oil and gas operators. NCS Multistage provides engineering-driven completion and field development solutions designed to improve reliability and performance in complex well environments, supporting capital-efficient deployment in TX. The merger acquisition is a strategic acquisition by Weatherford, with NCS Multistage stockholders electing Weatherford common stock or a stock-and-cash mix, and up to 19.99% of consideration payable in cash. Energy M&A terms include expected annual cost synergies of at least $15 million within 18 months of closing, with the deal expected to be accretive to adjusted free cash flow per share.