Expro is an energy services provider headquartered in

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History

The company was founded by J. Trewhella, J. Ross and H. Green in 1973 at

Great Yarmouth Great Yarmouth ( ), often called Yarmouth, is a seaside resort, seaside town which gives its name to the wider Borough of Great Yarmouth in Norfolk, England; it straddles the River Yare and is located east of Norwich. Its fishing industry, m ...

as Exploration & Production Services (North Sea) Ltd with the objective of carrying out well testing in the

North Sea The North Sea lies between Great Britain, Denmark, Norway, Germany, the Netherlands, Belgium, and France. A sea on the European continental shelf, it connects to the Atlantic Ocean through the English Channel in the south and the Norwegian Se ...

. In 1986, about 84% of the company was acquired by Flextech from whom the management subsequently bought out the business in 1992. The company was first listed on the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

in 1994. In 2006, it acquired PowerWell Services, another leading well management concern, for $674.5 million.

Takeover

In May 2008,

Halliburton Halliburton Company is an American multinational corporation and the world's second-largest oil service company which is responsible for most of the world's fracking operations. It employs approximately 55,000 people through its hundreds of su ...

made a £1.7 billion takeover of the business, while a competing bid worth £1.8bn was made the following month by Umbrellastream, a Candover-led consortium also comprising Goldman Sachs and Alpinvest. An improved bid from Halliburton was then rejected by the Expro board, a position backed by the High Court after an appeal lodged by a group of activist shareholders. The acquisition of Expro by Umbrellastream was completed in July 2008. In March 2021 Expro announced a merger with Frank's International. The merger was completed in October 2021 and began trading under NYSE:XPRO.

References

External links

* {{Authority control Companies based in Reading, Berkshire Companies formerly listed on the London Stock Exchange Business services companies established in 1973 1973 establishments in England Oilfield services companies Engineering companies of the United Kingdom Privately held companies of the United Kingdom Technology companies established in 1973