
Vertice Oil Tools has acquired Greenwell Engineering, a leading provider of advanced completions technology.
The acquisition expands Vertice's portfolio, enhances its support for wireline service providers and E&P companies, and broadens its presence in unconventional oil and gas markets.
Key benefits include expanded market presence, accelerated innovation, enhanced customer support, and advanced testing capabilities.
The acquisition strengthens Vertice's sales and service network in major oilfield hubs, brings an expanded pipeline of new wireline and completion technologies to market, and enhances customer support.
"The addition of Greenwell Engineering’s cutting-edge wireline solutions aligns seamlessly with our mission to deliver best-in-class completions technology," said Mohamed Saraya, CEO of Vertice Oil Tools. "This expands our product offerings, strengthens our customer support, deepens our partnerships with wireline service providers, and reinforces our commitment to innovation. And we’re just getting started–Vertice will be announcing new products and leadership roles soon as we continue building a category-defining company."
Cameron Kirkpatrick, CEO of Greenwell Engineering and now COO of Vertice, added: "Combining forces with Vertice enables us to accelerate the development and deployment of next-generation completion technologies. Together, we’re positioned to redefine industry standards and deliver unmatched solutions to our clients."