Expro has announced it had entered into a definitive agreement to acquire Coretrax from an investment group led by Buckthorn Partners. Expro is targeting up to US$10 million of annual run-rate cost synergies to be achieved in the first 18 months. Michael Jardon, Expro Chief Executive Officer, said: “We are thrilled to announce our proposed acquisition of Coretrax, and look forward to welcoming John Fraser and his teammates to the Expro family. We look forward to leveraging the complementary capabilities and customer relationships of Expro and Coretrax to deliver additional value to our customers and other stakeholders." John Fraser, CEO at Coretrax said: “I’m excited about the opportunities the acquisition brings for Coretrax and our team.

Source: The North Africa Journal February 13, 2024 15:10 UTC