Innovex International, Inc. (INVX): M&A transaction — Innovex acquires 80% of Downhole Well Solutions for $103.7M ($68M cash + stock)

Innovex International, Inc.

Purchase price $103.7M: $68M cash and 1,918,558 shares of Innovex common stock.
DWS offers drilling optimization and friction reduction tools for US Land markets; founded 2019.
$4M of purchase price held back for patent litigation (Impulse Downhole Solutions case).
Innovex previously held minority stake; CEO says acquisition adds industry-leading technology.
DWS management sees international expansion opportunities through Innovex platform.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Innovex International, Inc. completed an acquisition involving Downhole Well Solutions, LLC for $103.7 million (closed 2024-11-29).

Action: acquisition
Counterparty: Downhole Well Solutions, LLC
Consideration: $103.7 million
Closing: 2024-11-29

Exact text from the filing

of the Company. The Acquisition was completed simultaneously with the signing of the Agreement on November 29, 2024. The aggregate purchase price for the Acquisition was $103.7 million, consisting of $68.0 million in cash (subject to closing and post-closing adjustments) and 1,918,558 shares of the Company’s common stock, par value $0.01 per share (the “Company

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24 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Innovex International, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-268359

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