International law firm CMS has advised The WellBoss Company, Inc, a leader in the manufacture of well completion equipment and a wholly owned subsidiary of Schoeller-Bleckmann Oilfield Equipment AG (“SBO”), on its acquisition of Praxis Completion Technology FZCO ("Praxis"), one of the Middle East’s leading providers of packer systems and completion products.
The acquisition strengthens SBO’s position in the Middle East, a strategically important market for SBO, and adds an expedient technology to SBO’s offering in the well completion segment.
Patrik Daintry, CMS Partner in the Corporate team in Dubai, comments: “We’re delighted to have supported The WellBoss Company on its strategic acquisition of Praxis. The transaction cements its market-leading position and enables it to expand on its offering across the Middle East.”
The CMS team was led by Partner Patrik Daintry and included Hanna Uhlin, Aseel Abu Dabat and Amira El Kholany (all Corporate), Blair Jones (Energy & Infrastructure) and Chloe Lammiman (Employment).
