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Expro has sold its connectors and measurements manufacturing business to Siemens of Germany for £397m, with the transfer of 450 staff in Cumbria, Norway, Brazil, Malaysia and the US.
Expro has announced the creation of 50 new jobs at its Tronic electrical connectors factory in Ulverston, taking the workforce to 270.
Expro has acquired a wireless telemetry business from Cobham for £3.2m and a US-based well tractoring business from Smartract for an initial £0.7m.
Expro International is seeking acquisitions worth up to £100m to expand its oil services business.
Expro Group of Aberdeen has acquired Oliserv, the Australian well testing company, for undisclosed terms.
Expro International, the oil services concern, has acquired Tronic, the instrument and power systems company, for £14.8m.