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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

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Clough Limited Acquires Service Company e2o Pty Ltd

Clough Limited E2o Pty Ltd
AnnouncedFeb 1, 2013
TypeJV
Announced Date
February 01,2013
Close Date
February 01,2013
Transaction Type
JV




Snapshot
Location
Region
Austral-Asia

Country
Australia


Transaction Details:  Subscribe to see

Engineering and project services company Clough Limited today announced the acquisition of e2o Pty Ltd, a leading provider of specialised commissioning, completions and hazardous area inspection services to the energy and resources sectors.

Clough will acquire e2o for approximately $14 million with $9 million in cash being paid on completion of the deal and an additional $5 million in cash and shares being paid over a three-year period, subject to meeting certain performance criteria. The acquisition is expected to be Earnings Per Share (EPS) accretive in the first full year of ownership. For…

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