NCS Multistage Acquired by Weatherford | Energy M&A Deal

Weatherford has agreed to acquire NCS Multistage, a energy services other business in Texas, for $15 million. Weatherford acquisitions add well completions and unconventional resource exposure by bringing NCS Multistage’s technology portfolio for optimizing oil and gas well completions and field development strategies. NCS Multistage solutions are designed to improve reliability and performance in complex well environments through engineering rigor and capital-efficient deployment, supporting energy M&A in TX acquisitions. The merger acquisition is structured as a public company acquisition with NCS Multistage stockholders electing Weatherford common stock or a stock-and-cash mix, with up to 19.99% cash on a blended basis. Annual cost synergies are expected to be at least $15 million within 18 months of closing, and the deal is expected to be accretive to adjusted free cash flow per share.