Weatherford completes acquisition of NCS Multistage expanding completions portfolio
HOUSTON, Sept. 01, 2026 /CourierPR/ -- Weatherford International plc has completed its acquisition of NCS Multistage, significantly expanding the company's completions portfolio and enhancing its capabilities in reservoir diagnostics and well performance solutions. The deal, announced earlier this year, marks a strategic move by Weatherford to bolster its market position and deliver more comprehensive services to its customers.
Under the terms of the acquisition, NCS Multistage stockholders received either 0.554 shares of Weatherford ordinary shares, or a combination of 0.239 Weatherford ordinary shares and a cash amount equivalent to 0.137 Weatherford ordinary shares, subject to proration and certain limitations. NCS Multistage's stock has ceased trading and will no longer be listed on the NASDAQ.
The integration of complementary technologies and expertise from NCS Multistage with Weatherford's existing services will help the company support customers throughout the complete well lifecycle. NCS Multistage's strengths in completions and reservoir diagnostics will bolster Weatherford's existing capabilities in well construction, completions, production optimization, and intervention. Additionally, the acquisition will accelerate the global deployment of NCS technologies through Weatherford's extensive market presence.
Girish Saligram, Weatherford's President and CEO, stated, "The completion of this acquisition marks another important step in advancing our strategy and strengthening the differentiated value we bring to customers. NCS Multistage adds complementary technology, deep completions and reservoir expertise, and a talented team that strengthens our ability to address a broader range of customer challenges across the well lifecycle. We are pleased to welcome the NCS Multistage team to Weatherford and look forward to bringing the strengths of our combined organization to more customers and markets around the world."
The integration of the two companies is expected to streamline decision-making, enhance execution, and create greater value for customers, employees, and shareholders. Advisors to Weatherford included King & Spalding LLP, while Baker Botts L.L.P. served as legal counsel to NCS Multistage. Piper Sandler & Co. acted as the financial advisor to NCS Multistage.
Weatherford, a global energy services company, provides solutions to help customers drill smarter, complete wells more effectively, and maximize production across the entire well lifecycle. With a broad global customer footprint and a differentiated portfolio of market-leading solutions, Weatherford is committed to reducing risk, improving performance, and maximizing the value of customer assets.
NCS Multistage is a leading provider of highly engineered products and support services for optimizing oil and natural gas well construction, well completion, and field development strategies. Its products and services are primarily used by exploration and production companies for onshore and offshore wells, particularly those with horizontal laterals in both unconventional and conventional formations. NCS Multistage operates in oil and natural gas basins across North America and in selected international markets, including the North Sea, the Middle East, and Argentina.
While the acquisition is expected to bring significant benefits, Weatherford and NCS Multistage warn that forward-looking statements are subject to significant risks and uncertainties. These include the integration of the two companies, the realization of anticipated synergies, and the potential impact of the transaction on stock prices and business relationships.