Weatherford acquired Ardyne in January 2024 to enhance its capabilities in plug and abandonment services within the oil and gas industry.
Information on the Target
Founded in 2015, Ardyne specializes in providing innovative downhole products and services for plug and abandonment, as well as slot recovery operations within the global oil and gas sector. With a commitment to enhancing operational efficiency, Ardyne focuses on reducing costs for operators while optimizing rig time through advanced technological solutions.
In addition to developing proprietary cutting-edge tools, Ardyne actively seeks to acquire complementary businesses, positioning itself as a key player in the industry. This strategic approach not only augments its service offerings but also strengthens its market presence.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in the Target’s Specific Country
The oil and gas industry in the target’s specific country has been experiencing transformative changes, driven by innovations aimed at cost reduction and envir
Similar Deals
JGC Corporation → IONATE Limited
2025
Souter Investments → Newcastle Tool and Gauge
2023
Swiss Life Asset Managers and Schroders Greencoat LLP → Equans' UK district heating and cooling networks
2023
Aira → All Seasons Energy
2023
Copley Point → Rendesco
2023
Weatherford
invested in
Ardyne
in 2024
in a Corporate VC deal