Expro acquires CiDRA's metering business

Expro has acquired CiDRA's oil and gas metering business for $60.5 million.

Offshore Staff

ABERDEEN, UK -- Expro has acquired CiDRA's oil and gas metering business for $60.5 million.

According to the company, the business, named Expro Meters, will develop, manufacture, and sell an innovative range of robust and cost-effective flow meters for the oil and gas market, in addition to providing production testing services on a rental basis.

"This acquisition is fully aligned to our mission of well flow management," says Graeme Coutts, Expro's CEO. "Expro Meters will become a new tool in Expro's well flow management toolkit. The technical and operational superiority of this innovative range of products will provide a step change in metering in the oilfield."

06/12/2008

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