Type Privately held company Key people Michael Jardon (CEO) Revenue 915 million USD (2016) CEO Michael Jardon CFO Jean Vernet | Industry Energy Website exprogroup.com Headquarters Reading, United Kingdom Founded 1973 | |
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Founders John Trewhella, Humphrey Green, Jim Ross Parent organizations Consortium, Candover Investments Profiles | ||
Expro (officially Expro International Group) is an international oil and gas service company, specializing in well flow management, headquartered in Reading, United Kingdom.
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History
The business was founded by J. Trewhella, J. Ross and H. Green in 1973 at Great Yarmouth as Exploration & Production Services (North Sea) Ltd with the objective of carrying out well testing in the North Sea. In 1986 some 84% of the company was acquired by Flextech from whom the management subsequently bought out the business in 1992. The company was first listed on the London Stock Exchange in 1994. In 2006 it acquired PowerWell Services, another leading well management concern.
Takeover
In May 2008 Halliburton made a £1.7bn takeover of the business, while a competing bid worth £1.8bn was made the following month by Umbrellastream, a Candover-led consortium also comprising Goldman Sachs and Alpinvest. An improved bid from Halliburton was then rejected by the Expro board, a position backed by the High Court after an appeal lodged by a group of activist shareholders. The acquisition of Expro by Umbrellastream was completed on 1 July 2008.
Structure
The business is organised into four geographic regions: