(World Oil) — Innovex International has entered into an agreement to acquire Norway-based TCO Group in a cash-and-stock transaction valued at approximately $95 million, expanding its portfolio of well technologies and strengthening its presence in key international offshore markets.The transaction is expected to close early in the third quarter of 2026, subject to customary closing conditions.Founded in 1999 and headquartered in Voss, Norway, TCO is known for developing intervention-free laminated glass plug technology designed to eliminate the need for fishing operations during well activities. The company serves customers in offshore and international markets, with operations in Norway and the UAE.Innovex said the acquisition aligns with its strategy of building a portfolio of mission-critical products focused on improving well performance and operational efficiency.“We are excited to announce the acquisition of TCO Group,” said Innovex CEO Adam Anderson. “The acquisition is highly aligned with Innovex’s strategy of assembling a portfolio of market-leading, capital-efficient products that are essential to our customers’ operations.”According to Innovex, the acquisition will strengthen its position in Norway and the UAE while providing opportunities to expand TCO’s technology portfolio through Innovex’s global customer base.TCO CEO Robert Abercrombie said the combination will provide greater scale for the company’s well technology offerings.“TCO brings technology depth, great talent and proven execution rooted in Norway,” Abercrombie said. “Innovex has a broad complementary portfolio and brings scale and reach globally.”Following completion of the transaction, TCO’s operations and technology portfolio will become part of Innovex’s broader offering of well construction, completion and production solutions.