M&A Deal Summary

Recon Technology Acquires Qinghai Hua You Downhole Technology

On December 7, 2015, Recon Technology acquired energy services and equipment company Qinghai Hua You Downhole Technology for 6M USD

Acquisition Highlights
  • This is Recon Technology’s 1st transaction in the Energy Services and Equipment sector.
  • This is Recon Technology’s largest (disclosed) transaction.
  • This is Recon Technology’s 1st transaction in China.

M&A Deal Summary
Date 2015-12-07
Target Qinghai Hua You Downhole Technology
Sector Energy Services and Equipment
Buyer(s) Recon Technology
Deal Type Add-on Acquisition
Deal Value 6M USD

Target

Qinghai Hua You Downhole Technology

China
Qinghai Hua You Downhole Technology Co., Ltd. is an oilfield service company providing a wide range of downhole technology support and services primarily in Qinghai province.

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Buyer(S) 1

Buyer

Recon Technology

Beijing, China
Category Company
Founded 2007
Sector Energy Services and Equipment
Employees188
Revenue 67M CNY (2023)
DESCRIPTION

Recon Technology is an independent oil and gas field service company. Recon Technology was founded in 2007 and is based in Beijing, China.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (China) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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