PROBE AND HUNTER WELL SCIENCE ANNOUNCE STRATEGIC MERGER
Consolidated product platform offers technologically advanced solutions to expanding customer base.
Probe Technologies Holdings, Inc. (“Probe”) announced it has completed a strategic merger with Hunter Well Science Ltd.
(“Hunter”) that significantly expands its product offering to better serve its growing international customer base.
By joining forces, Probe and Hunter plan to accelerate the commercial release of a combinable and technologically-advanced solutions platform that initially includes Reservoir Evaluation, Production Logging, Well Integrity and Petrophysics tools and services.
“Short-term, the merger of Probe and Hunter will allow us to better serve our existing customers by expanding our combinable technology, and as we work together to continue to improve our focus on customer support, this will also lead to attracting new customers in new geographies,” said Mr Federico Casavantes, President & CEO of Probe.
“Long-term, our partnership will enable us to dramatically accelerate product development, as we move to rapidly fill gaps in the technology used in high-end cased-hole formation evaluation, array production logging and well integrity solutions, and move to integrate Hunter’s state-of-the-art modular tool manufacturing techniques into Probe’s extensive product offering.
We’re also very excited to welcome industry veterans Lane Roberts, Martin Barratt and Richard Odom to the Probe family, as many among our respective teams have known each other for many years.”
Financial terms of the transaction were not disclosed.