---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-003956"
form_type: "8-K"
ticker: "XPRO"
cik: "0001575828"
company_name: "EXPRO GROUP HOLDINGS N.V."
filed_at: "2024-02-14T23:59:59+00:00"
generated_at: "2026-06-06T02:20:56.186670+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Expro to acquire Coretrax for ~$210M, enhancing well construction and intervention capabilities

## Summary
- Total consideration ~$210M: at least $75M cash, up to 6.75M Expro shares; ~4.7x 2024E Adj. EBITDA.
- Closing expected Q2 2024; subject to Saudi regulatory approval and customary conditions.
- Targeting up to $10M annual run-rate cost synergies within 18 months post-close.
- Coretrax adds >50 technologies and 280+ patents; expands Expro's Well Construction & Intervention portfolios.

## SEC filing metadata
- accession: 0001437749-24-003956
- form_type: 8-K
- ticker: XPRO
- cik: 0001575828
- company_name: EXPRO GROUP HOLDINGS N.V.
- filed_at: 2024-02-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575828/000143774924003956/0001437749-24-003956-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575828/000143774924003956/fi20240212_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-003956
- JSON: https://secwatch.observer/filing/0001437749-24-003956.json
- Plain text: https://secwatch.observer/filing/0001437749-24-003956.txt

## Key facts
- Material Agreements
  EXPRO GROUP HOLDINGS N.V. entered into Stock Purchase Agreement with BP INV4 Holdco Ltd and other sellers valued at $210 million (effective 2024-02-13).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: BP INV4 Holdco Ltd and other sellers
  - Value: $210 million
  - Effective: 2024-02-13
  source text: On February 13, 2024, Expro Group Holdings N.V. (the “Company”) entered into an Agreement relating to the sale and purchase of CTL UK Holdco Limited and its group companies (the “Stock Purchase Agreement"), by and among the Company, Expro Holdings UK 3 Limited and BP INV4 Holdco Ltd and other sellers party thereto (the “Sellers"), pursuant to which, upon the terms and subject to the conditions set forth therein, the Company will purchase from the Sellers (the “Acquisition") all of the issued and outstanding ordinary shares of CTL UK Holdco Limited, a company incorporated and registered in England and Wales (“Coretrax").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575828/000143774924003956/0001437749-24-003956-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.