Halliburton in Talks to Buy Expro
Halliburton Co. is thinking about buying U.K.-based Expro International Group PLC in an all-cash deal.
Halliburton confirmed talks with Expro after a private equity consortium led by London-based Candover Group said it will buy Expro for $3.2 billion.
In a statement, Halliburton said its cash offer would top Candover’s but gave no specifics.
Expro provides services and products that measure, control and process flow from oil and gas wells. It has about 4,000 employees in 50 countries. For the six months ended Sept. 30 — the most recent financial information available — Expro posted revenue of 294.6 million pounds ($603.2 million).
British media reported last weekend that buyout firm Kohlberg Kravis Roberts and French rival Technip were also interested in Expro.