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Bluewater-backed Varel acquires Sledgehammer Oil Tools

Bluewater-backed Varel Energy Solutions (VES) as acquired Sledgehammer Oil Tools (Sledgehammer), an international leader in the supply of oilfield casing, cementing and completion products.

Bluewater-backed Varel Energy Solutions (VES) as acquired Sledgehammer Oil Tools (Sledgehammer), an international leader in the supply of oilfield casing, cementing and completion products.

This transaction further strengthens VES’s robust portfolio of casing and cementing products, fuelled by the legacy brand of Downhole Products, enabling the organisation to offer one of the industry’s leading sources of high-quality, low-cost primary cementing equipment to its customers.
 
Backed by growth capital and poised to build a strong foundation for value-driven manufacturing solutions, VES will leverage its global manufacturing infrastructure combined with Sledgehammer’s supply chain efficiency to deliver value and improved economics around the world even more effectively.

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