Tag Archives: amalgamation

Frank’s International joins the UK-based Expro Group | Instant News


Frank’s International opened a new administrative center in Lafayette in 2017. (Advertiser)

LAFAYETTE, La. (The Advertiser) – Frank’s International, a Houston-based oil services company with significant operations in Lafayette, announced Thursday that it will join the Expro Group, a United Kingdom-based international energy services company.

Frank’s International employs about 800 workers at Lafayette Parish, according to the Lafayette Economic Development Authority. Lafayette is home to corporate headquarters for Gulf of Mexico operations, manufacturing, and technology and engineering, according to the company’s website.

“Expro and Frank share complementary cultures, values ​​and competencies – all supporting seamless integration for our customers and employees,” said Mike Kearney, Chairman, President and CEO of Frank, in a press release. “Having undertaken a thorough process to consider strategic alternatives, we are confident that this transaction presents an attractive opportunity for Frank’s shareholders to benefit from value creation led by profit-focused growth.”

Kearney will be chairman of the joint venture, while Expro’s Chief Executive Officer, Mike Jardon, will be CEO of the combined company. The remaining leadership team is expected to include members of both companies.

Read the full story of the Advertiser here.

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Stellantis Italy sales fall 21.7% in Jan – UK | Instant News


(ANSA) – TOURINE, 1 FEB – Stellantis said on Monday that its sales in Italy were down 21.7% in January.

The new group, born at the start of the year from the merger of FCA and PSA, said its market share in Italy had fallen to 39.2% from 43.1%.

Overall Italian grooming sales fell 14% in January. (ANSA).

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