Add-on Acquisition • Oil/Gas Exploration

Enhanced Well Technologies Acquires IKM Cleandrill

On November 27, 2019, Enhanced Well Technologies acquired oil/gas exploration company IKM Cleandrill

Acquisition Context
  • This is Enhanced Well Technologies’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Enhanced Well Technologies’ 1st transaction in Norway.

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M&A Deal Summary

Date November 27, 2019
Target IKM Cleandrill
Sector Oil/Gas Exploration
Buyer(s) Enhanced Well Technologies
Deal Type Add-on Acquisition

Target Company

IKM Cleandrill

Straume, Norway
IKM Cleandrill is a specialist service provider to the offshore drilling industry. IKM Cleandrill is based in Straume, Norway.
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Buyer Overview 1

Buyer

Enhanced Well Technologies

Straume, Norway

Category Company
Sector Oil/Gas Exploration
Revenue 550M NOK (2014)
DESCRIPTION

Enhanced Well Technologies is a supplier of specialized drilling technology to the global oil and gas industry. Enhanced Well Technologies is based in Straume, Norway.


Deal Context for Buyer #
Overall 2 of 2
Sector: Oil/Gas Exploration 1 of 1
Type: Add-on Acquisition 2 of 2
Country: Norway 1 of 1
Year: 2019 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Energy Drilling

Singapore, Singapore

Energy Drilling is a tender drilling company offering cost-effective solutions to the offshore drilling market. Energy Drilling was founded in 2012 and is based in Singapore.

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