Expro and Frank’s complete merger, creating new full-cycle energy services leader
04 October 2021
Expro Group, an international energy services company with market leadership in well access and well flow optimisation, has announced it has completed its previously announced merger with Frank’s International N.V. a global oil services company offering a broad range of highly engineered drilling and completions solutions and services.
The combined company has assumed the Expro Group Holdings N.V. name and will begin trading on the New York Stock Exchange on October 4, 2021 under the ticker symbol "XPRO”. In connection with the close of the transaction, Frank’s common stock ceased trading on the New York Stock Exchange under the ticker symbol "FI” as of the close of trading on October 1, 2021.
"This is an exciting day for Expro and Frank’s as we bring our companies together to create a new global leader with the breadth of capabilities and expertise across the well lifecycle to better support customers,” said Mike Jardon, Chief Executive Officer of Expro. "I would like to thank everyone at Expro and Frank’s for their great work in completing the transaction, planning for a successful integration, and positioning the combined company for long-term success. This is where the talented teams come together and we look forward to continuing to deliver cost-effective, innovative technologies and solutions, and best-in-class safety and service quality performance to our customers, all while advancing our commitment to creating a more sustainable business and lower carbon future. With our broad portfolio of services and solutions, enhanced scale, global operating footprint and strong, debt-free balance sheet, Expro is well positioned for an expected industry recovery and is well positioned to deliver compelling value for shareholders.”
Mike Jardon, Chief Executive Officer of Expro