Varel Energy Solutions Acquires Sledgehammer Oil Tools

Through Varel Energy Solution's recent acquisition of Sledgehammer Oil Tools, the combined company will become a consolidated major producer of consumable downhole oilfield products across the industry.

Hart Energy Staff
Varel Energy Solutions, Sledgehammer Oil Tools

Varel Energy Solution's acquisition of Sledgehammer Oil Tools strengthens VES’ focus on the Middle East energy sector as a key market. (Source: Varel Energy Solutions)

Varel Energy Solutions (VES) on July 5 acquired oilfield casing, cementing and completion product supplier Sledgehammer Oil Tools, according to a company press release.

The transaction will combine VES' global manufacturing infrastructure with Sledgehammer's supply chain efficiency, boosting productivity for the company and allowing it to deliver improved value and economics to customers.

“We exist to become the industry’s maker of consumable downhole products across the traditional oil and gas and renewable energy sector," VES president and CEO Derek Nixon said in the release. "While we are committed to serving our customer base, we aim to offer the broader energy service market within improved buying economics, including our historic competitors.”

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