Wellbore Integrity Solutions (WIS) received US regulatory approvals

Wellbore Integrity Solutions (WIS) received US regulatory approvals to acquire the businesses and associated assets of DRILCO, Thomas Tools, and Fishing & Remedial services, along with part of a manufacturing facility located on Rankin Road in Houston, Texas, as announced on May 14, 2019. The transaction is valued at approximately $400 million. WIS continues to expect to close the transaction by year-end 2019.

After completion of the transaction, WIS will have an upwards employee count of 1,100 and operate globally.


Wellbore Integrity Solutions (WIS) has been established as a customer-focused platform to acquire assets and technologies with the goal of providing a comprehensive suite of products and services that reduce the life cycle risk of oil, gas and geothermal wells. As a standalone independent company with a vertically integrated structure, WIS focuses on providing quality U.S. manufactured products delivered via a global engineering and field services footprint. Through our unique position in the energy industry, we will serve the wellbore integrity needs of energy companies, service companies, and local partners.