HOUSTON, June 5, 2013 (GLOBE NEWSWIRE) -- Forum Energy Technologies, Inc. (NYSE:FET) and Quantum Energy Partners announced today that they have entered into a definitive agreement to jointly acquire Global Tubing from ARC Financial Corp., a Calgary-based private equity firm, and a group of investors. Upon completion of the transaction, Forum and Quantum will each hold an equal interest in Global Tubing, and certain members of Global Tubing's management team will retain a small interest. Located in Dayton, Texas, Global Tubing provides coiled tubing strings and related services to customers worldwide. Completion of the transaction is subject to certain customary closing conditions. Further details of the transaction were not disclosed.
Forum Energy Technologies And Quantum Energy Partners Announce Joint Definitive Agreement To Acquire Global Tubing
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