Expro Completes Enhanced Drilling Acquisition

NORWAY– July 23, 2026 – Expro Ltd (NYSE: XPRO) (the “Company” or “Expro”) today announced it has closed the previously announced acquisition of Enhanced Well Technologies Group AS (“Enhanced Drilling”). Under the terms of the agreement Expro purchased Enhanced Drilling for approximately 2 billion Norwegian kroner (“NOK”) in cash (or approximately $215 million) plus customary closing and working capital adjustments. 

With the acquisition now complete, Expro is positioned to integrate Enhanced Drilling’s advanced MPD and riserless mud recovery (RMR® ) services into its portfolio, helping customers improve drilling efficiency and simplify well architectures in complex formations.

The addition of the MPD and RMR® capabilities creates a new, complementary offering within Expro’s portfolio, enabling earlier engagement in well construction design and planning. This positions Expro to work more closely with customers to address critical technical challenges, reduce operational risk, improve execution certainty, and lower total well costs.

Headquartered in Norway, Enhanced Drilling brings a strong track record of delivering proprietary MPD and RMR solutions across offshore environments, primarily in the North Sea, Caspian, and Gulf of America. The addition strengthens Expro’s position in Norway, a technically advanced and strategically important offshore market, while expanding access to established customer relationships.

Leveraging Expro’s global operating footprint, the combined business is well positioned to accelerate the international deployment of these technologies across key offshore basins.

Michael Jardon, Expro Chief Executive Officer, said: “We are pleased to welcome the Enhanced Drilling team to Expro. This is a strong strategic fit that adds a differentiated capability to our portfolio and strengthens our position in technically demanding offshore markets. Their MPD technologies align with our focus on helping customers improve efficiency, manage risk, and deliver wells with greater certainty. Together, we are well positioned to expand access to these solutions across additional regions, including West Africa, Latin America and Asia Pacific.”

 

Kjetil Lunde, Chief Executive Officer at Enhanced Drilling added: “Joining Expro marks an important milestone for Enhanced Drilling. As part of a global organization with deep operational expertise and long-standing customer relationships, we are well positioned to scale our technologies and broaden their application across international markets.”

EXPRO

Working for clients across the entire well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company considers to be best-in-class safety and service quality. The Company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity.

With roots dating to 1938, Expro has approximately 7,000 employees and provides services and solutions to leading energy companies in both onshore and offshore environments in more than 60 countries.