NCS Multistage Holdings Acquired by Weatherford | Energy M&A Deal

Weatherford has acquired NCS Multistage Holdings, a oilfield services business in the unconventional oil and gas resource sector. NCS Multistage Holdings provides completion services and multistage well intervention solutions used to improve production in horizontal and unconventional wells. Weatherford acquisitions in completion services expand its portfolio and strengthen coverage across U.S. unconventional plays. The energy M&A is structured as a platform acquisition and is classified as a strategic acquisition by Weatherford, with deal size undisclosed. The transaction is announced under a definitive agreement, subject to customary closing conditions.