Expro and Frank's to Combine to Create a Leading Full-Cycle Service Provider

PRNewswire

Mar 11, 2021

Compelling Combination of Global Energy Services Leaders with Highly Complementary Capabilities

Shareholders to Benefit from Stock-for-Stock Transaction that Allows for Participation in Recovery Upside and Through-Cycle Resiliency due to a More Diversified Earnings Base

Transaction Brings Improved Profitability and Free Cash Flow, with Estimated Annual Cost Synergies of $70 Million

Combination Facilitates Faster, Returns-Focused Growth, with Scope for Additional Investment in Future-Facing Technologies

Strong Pro Forma Financial Profile with No Debt, Approximately $285 Million of Cash

Companies to Host Conference Call Today at 1:30 PM GMT / 7:30 AM CT

PR Newswire

READING, United Kingdom and HOUSTON, March 11, 2021

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