Drilling Innovative Solutions Acquired by Innovex | Energy M&A Deal

Innovex has completed the acquisition of Drilling Innovative Solutions, a oilfield services business in State, for $X. Drilling Innovative Solutions develops downhole tools used in oil and gas drilling operations, supporting wellbore performance and reliability. Innovex acquisitions add downhole technology capabilities to its existing energy services footprint, strengthening its position in oilfield services acquisition. The Drilling Innovative Solutions acquisition is an add on acquisition, fitting Innovex acquisitions strategy for energy M&A, with terms not disclosed and the deal marked closed.