Hunting acquires Welltonic Group of Companies

Hunting has acquired the Welltonic Group of Companies, a provider of well intervention services.

Offshore staff

LONDON --- Hunting has acquired the Welltonic Group of Companies, a provider of well intervention services.

Welltonic employs around 45 personnel globally and provides well intervention services through a range of downhole tools. The company has operations in the UK, Middle East, and Asia

“This acquisition is another bolt-on transaction which strengthens our international presence while providing increased exposure to the high margin well intervention market,” says Dennis Proctor, CEO of Hunting. “Welltonic complements our existing activities in what management and wider market commentators believe to be a high growth sector.”

12/10/2009

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