EV’s specialized well diagnostic solutions are offered through market-leading 360 degree downhole cameras, integrated camera-ultrasound technology and other tools that generate vivid and visual diagnostic information to enable the rapid and effective evaluation of technically challenging well issues. EV has also developed AIVA, a tool agnostic cloud-based data storage, visualization platform including through the application of AI and machine learning techniques to accelerate data transfer, storage and analysis.

By leveraging the EV Technology Centre dedicated to research and development in the UK, EV is home to 116 patents and has a successful track record of bringing new and innovative products to market. Over the next two years, EV is targeting the introduction of a strong pipeline of products on account of its R&D capabilities, including pipeline visualization and software analytics.

This is Enersol’s third acquisition, having last week signed an agreement to acquire 51% of NTS Amega (NTS), a leading global manufacturer of advanced precision equipment and solutions provider for the energy sector, subject to customary and regulatory approvals. Enersol also has agreed to acquire an additional stake (to a total 67.2% majority) in Gordon Technologies, a US-based provider of measurement while drilling services.

Enersol is actively advancing plans to acquire and invest in multiple businesses and foster a scalable ecosystem that will enhance market value and position the JV as a technology-centric investment platform to the energy sector.