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Forum Energy Technologies has entered an agreement to acquire Wireline Solutions, according to a news release.
The closing of the acquisition, which is subject to customary closing conditions, is expected to occur on or about Nov. 1.
“[Wireline Solutions’] activity-based consumable products are levered to the completions market, particularly to horizontal well activity with its trend towards longer laterals and more frac stages,” said Cris Gaut, Forum’s chairman and CEO. “We plan to invest to expand Wireline Solutions’ line of composite plugs and other completion tools.”