Dril-Quip, a leading developer, manufacturer and provider of highly engineered equipment and services for the global offshore and onshore oil and gas industry, has completed its previously announced merger with Innovex Downhole Solutions, Inc., a designer and manufacturer of products to support global upstream onshore and offshore activities.
This combined company has assumed the Innovex International name and will begin trading on the New York Stock Exchange on September 9, 2024, under the ticker symbol 'INVX.' In connection with the close of the transaction, Dril-Quip's common stock ceased trading on the New York Stock Exchange under the ticker symbol 'DRQ' as of the close of trading on September 6, 2024.
'We're thrilled to complete the Innovex and Dril-Quip merger, creating a differentiated business with a curated portfolio of technologies that support our customers throughout the well's lifecycle. I'd like to thank the employees of our combined company for all they have done to bring us to this milestone. Leveraging our talent and ‘No Barriers' culture, we will deliver superior growth, cash flow and returns creating value for our employees and our shareholders,' said Adam Anderson, CEO of Innovex International.
Source: Dril-Quip
