Varel Energy Solutions has acquired Ace Well Technology to enhance its offerings in the offshore and premium well construction sectors.

Target Company Overview

Varel Energy Solutions (VES) has successfully acquired Ace Well Technology (ACE), a prominent international supplier of oilfield casing, cementing, and completion products. This acquisition enriches VES’s existing portfolio, particularly its primary cementing equipment, many of which feature unique patented technologies.

Ace Well Technology was founded in 2012 and has earned a reputation for providing high-value products and exceptional customer service. With renowned casing accessories and completion products, ACE serves clients around the globe, making it a strategic addition to VES’s offerings in the offshore and premium well construction sectors.

Industry Overview

The oilfield products industry, particularly in the offshore sector, is undergoing rapid transformation due to technological advancements and increasing demand for sustainable energy solutions. The global market is characterized by a gr