Varel Energy Solutions Expands with Acquisition of Ace Well Technology

In a strategic move to expand its capabilities in the offshore and premium well construction and completions energy sector, Varel Energy Solutions (VES) has acquired Ace Well Technology (ACE), a leader in the supply of oilfield casing, cementing, and completion products. This acquisition is part of VES's continued effort to enhance its portfolio, especially in primary cementing equipment, many of which are patented technologies. The merger is backed by Blue Water Energy LLP, providing growth capital to build a high-performance manufacturing foundation. The deal promises to deliver high-quality and value-driven solutions across global markets, leveraging a 1.2 million square feet manufacturing footprint. VES will continue to focus on blue-chip integrated service companies as well as National Oil Companies. Both companies aim to combine their strengths in customer intimacy, operational footprint, and supply chain efficiency to effectively deliver value worldwide. VES President & CEO, Derek Nixon, expressed confidence that this merger would bolster their position in the industry, offering more customer value and sustainable energy products.