Dril-quip, inc. announces acquisition of great north, expanding its market presence in well construction
Acquisition of a leading provider of customized wellheads and mission-critical proprietary completion solutions, adding to dril-quip's well construction portfolio expands dril-quip's addressable market in land-based wellheads cost synergies through the combined best-cost regional supply chains of both companies revenue expansion as dril-quip leverages its footprint to service its clients with great north's industry-leading products positions dril-quip to further service the emerging carbon capture, utilization and storage (ccus) market transaction is expected to be immediately accretive to key financial metrics houston, tx / accesswire / july 31, 2023 / dril-quip, inc. (nyse:drq), (the "company" or "dril-quip"), a developer, manufacturer, and provider of highly engineered equipment, service, and innovative technologies for use in the energy industry, today announced it has acquired great north wellhead and its subsidiaries (collectively "great north") for approximately $80 million in an all-cash transaction, subject to customary purchase price adjustments. great north is a leading provider of mission-critical wellhead products and well-completion solutions.
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