INVX - Mergers and acquisitions

Innovex International, Inc. (NYSE:INVX) ("Innovex") is pleased to announce that it has completed the acquisition of TCO Group AS ("TCO"). Innovex previously announced it had signed an agreement to acquire TCO in a cash and stock transaction valued at $95 million. The transaction enhances Innovex's corporate margin profile and is expected to be accretive to Innovex's earnings per share. Innovex anticipates further upside over time by leveraging its global commercial platform to expand the reach of TCO's differentiated glass barrier technologies. Importantly, TCO's established presence in Norway and the UAE provides additional opportunities to introduce the broader Innovex portfolio into those

Innovex International, Inc. (NYSE:INVX) (the "Company" or "Innovex") is pleased to announce that it has signed an agreement to acquire TCO Group AS ("TCO") in a cash and stock transaction valued at $95 million. The transaction is expected to close early in the third quarter of 2026. The Company believes this investment aligns with the Company's disciplined M&A framework, including a focus on mission critical products that share the Company's "Big Impact, Small Ticket" value proposition. For the year ended December 31, 2025, TCO had net income of approximately $12 million and Adjusted EBITDA1 of approximately $18 million. The transaction values TCO at approximately 5.4x TCO's 2025 Adjusted

Innovex International, Inc. (NYSE:INVX) (the "Company" or "Innovex") is pleased to announce that it has completed the acquisition of Drilling Innovative Solutions, LLC ("DIS"). Founded in 2013 by a team of industry experts, DIS has a proven track record of helping operators realize significant savings through innovative solutions that consolidate or eliminate costly operations. By integrating DIS's product offering and expertise into its broader platform, Innovex expects to enhance its portfolio of "big-impact, small ticket" products, allowing the Company to deliver additional value to its global customer base. DIS's unique float valves (Sentinel and Defender) represent significant ad

Innovex International, Inc. (NYSE:INVX) (the "Company" or "Innovex") is pleased to announce that it has completed the acquisition of Citadel Casing Solutions, LLC ("Citadel"), leveraging its unique, energy industrial platform. This investment meets all the criteria of the Company's disciplined M&A framework, including a focus on single-use, highly engineered products that share the Company's "Big Impact, Small Ticket" value proposition. Founded in 2016 by a team of industry experts, Citadel is a leading provider of differentiated downhole technologies which are designed to improve its customers' economics by driving reduced cycle times through improved operational efficiencies. The acqu