Proserv Acquiring Weatherford Business
May 1, 2012- Share:
Proserv, a portfolio company of Intervale Capital, has entered into an agreement to acquire Weatherford International's subsea controls business. In exchange, Weatherford International will receive common and preferred equity in Proserv. The subsea controls business specializes in subsea and topside communication and control systems as well as subsea termination equipment for offshore production optimization, control and monitoring.
Oil and Gas Equipment
Houston, TX
Seller
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