August 28, 2017 / 10:54 AM / 4 months ago

BRIEF-Forum Energy Technologies announces purchase of remaining membership interests in Global Tubing

Aug 28 (Reuters) - Forum Energy Technologies Inc

* Forum Energy Technologies announces purchase of remaining membership interests in Global Tubing from joint venture partner Quantum Energy Partners And Management

* Aggregate transaction value is approximately $237 million

* Co expects acquisition to be more than 25 pct EPS accretive in 2018, based on current analyst consensus estimates

* Anticipated that closing of transaction will occur in Q3 2017

* ‍As part of deal , forum will also acquire management’s interest in joint venture and repay Global Tubing’s net debt​ Source text for Eikon: Further company coverage:

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