Superior Energy Services, Inc. has announced that it has entered into a definitive agreement to acquire Welltec International ApS. Headquartered in Allerød, Denmark, Welltec is an industry-leading global provider of proprietary robotic, wireline-conveyed well intervention solutions and metal expandable packer technologies for wellbore intervention and completions. Welltec operates globally in more than 50 countries across major oil and gas producing regions and serves a broad base of international and national energy company customers.
Latham & Watkins LLP advised the financing sources on the committed financing with a deal team led by Texas partners David Miller, Sam Rettew, and Pamela Kellet, with associate Luisa Yokubaitis. Advice was also provided on sanctions matters by Washington, D.C. counsel Ruchi Gill and London counsel Thomas Lane.
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