15.10.2023, 890 Zeichen

SBO: Schoeller-Bleckmann Oilfield Equipment AG (SBO) has completed the acquisition of Praxis Completion Technology announced in June. The purchase price for the acquisition of all shares in the company amounts to MUSD 22, plus compensation for working capital adjustments and earnings generated from January 1, 2023 until closing. The latter had not yet been determined at the time of closing in October. The Dubai-based company with 40 employees is one of Middle East’s leading providers of packer systems and completion products, offering tailored solutions that extend well life, assure well integrity and improve well performance. The bolt-on acquisition strengthens SBO's presence in the Middle East, the market with the highest growth dynamic in the energy sector.
SBO: weekly performance: 0.58%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (09/10/2023)

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