Innovex International Finalizes $95 Million Acquisition of TCO Group

Innovex International, Inc. (NYSE: INVX) has completed its acquisition of TCO Group AS in a cash-and-stock transaction valued at $95 million. The deal is expected to enhance Innovex's corporate margin profile and be accretive to earnings per share, supporting the company's long-term growth objectives. TCO Group specializes in well completion and tubing-conveyed perforating technologies. This acquisition is anticipated to broaden the market for TCO's glass barrier technologies and enhance cross-selling opportunities by leveraging Innovex's global commercial platform, particularly in Norway and the United Arab Emirates.