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Sandvik AB & Varel International Energy Services Inc announce completion of acquisition

Wednesday, 21 May 2014 04:06pm EDT 

Sandvik AB:Says the company and Varel International Energy Services, Inc. (VIES) jointly announce the finalization of the acquisition of VIES, in its entirety, by Sandvik.VIES will become a platform for Sandvik to expand into the upstream oil and gas industry, and will as such be managed and supported as a stand-alone product area within Sandvik Venture. 

Company Quote

-0.45 -0.48%
27 Feb 2015