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Enersol, a joint venture set up between the UAE’s ADNOC Drilling and Alpha Dhabi to pursue acquisitions, has agreed to acquire a 95% equity stake in the US-based Deep Well Services (DWS), for approximately $223 million.
The transaction, subject to regulatory approvals, would be on a cash-free, debt-free basis, excluding transaction fees and expenses.
DWS specialises in several advanced technologies and services within the energy sector.
(Writing by Brinda Darasha; editing by Seban Scaria)
