ESCO Corp. announced in a press release that it has acquired Stabiltec Downhole Tools LLC, a manufacturer of specialty drilling tools for the oil and gas industry.
Stabiltec manufactures complete turnkey downhole tools. Stabiltec's manufacturing processes use the latest technology, including custom-designed robotics, the release said.
Following the acquisition, the company's products will retain the Stabiltec brand, and the team will become part of ESCO's Oil & Gas Division.
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