Expro Sells C&M to Siemens for $630m

Arle Capital Partners‘ portfolio company Expro has sold C&M to Siemens for US$630m. The proceeds will be re-invested in the core business to drive future growth and also to reduce debt.

PRESS RELEASE

Arle Capital Partners announces that Expro has sold C&M to Siemens for US$630m. The proceeds will be re-invested in the core business to drive future growth and also to reduce debt. C&M attracted significant inbound trade interest, allowing us to explore strategic alternatives for the business. Under Arle’s ownership, C&M has grown strongly and we are delighted with this outcome. Arle will now concentrate on working actively with Expro to ensure it capitalises upon the tremendous growth the group is enjoying in its principle well flow management operations. Expro has had a winning start to 2012 having recently added several significant order wins and is enjoying an order pipeline of well over US$1 billion.