MHWirth to Sell MPD Business to AFGlobal
Finn Amund Norbye, CEO of MHWirth comments: “We are impressed with what the MPO organization has accomplished over many years, building up market-leading technologies and commercial offerings to build safety and efficiency standards within drilling operations. The combination of MPO and AFGlobal’s MPD business creates a compelling combination and we are pleased to have reached an agreement that secures MHWirth with a portion of the future value creation.”
The transaction is expected to be completed in Q3 2016.