Kristiansand, Norway, July 14, 2016 – MHWirth has reached an agreement with AFGlobal Corporation to divest its Managed Pressure Drilling (MPD) business through the sale of its subsidiary, Managed Pressure Operations (MPO). The transaction will be settled through a cash consideration of USD 10 million on closing, combined with an earn-out element, which could potentially reach USD 65 million over the next six years. The agreement ensures the ability for MHWirth to provide Integrated MPD drilling packages to the market…

Recently, a 26 000 square meter plant in Macaé was inaugurated during a ceremony attended by approximately 100 representatives from customers, other business partners, and authorities. The new plant represents a significant investment for MHWirth and shows our long-term commitment in the area.

Founded more than a century ago, we are a global supplier of drilling equipment and are poised to tackle the challenges of an ever-changing industry.