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BRIEF-Flotek Industries announces agreement to divest drilling technologies segment
May 2, 2017 / 10:06 PM / 7 months ago

BRIEF-Flotek Industries announces agreement to divest drilling technologies segment

May 2 (Reuters) - Flotek Industries Inc

* Flotek Industries, Inc. announces agreement to divest drilling technologies segment

* Flotek Industries Inc - Deal for total consideration of $17.0 million

* Flotek Industries - Agreement to divest its drilling technologies segment to National Oilwell Varco, L.P. for a total consideration of $17.0 million

* Flotek Industries Inc - In-line with company’s ongoing initiatives, proceeds from deal will go towards reducing outstanding debt on its balance sheet Source text for Eikon: Further company coverage:

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