Total Energy Services Inc. to Acquire Saxon Energy Services Australia Pty Ltd.

CALGARY, Alberta, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Total Energy Services Inc. (“Total Energy” or “the Company”) (TSX:TOT) is pleased to announce that its wholly owned subsidiary Savanna Energy Services Australia Pty Ltd. (“Savanna Australia”) has entered into an agreement with SLB to acquire all of the shares of Saxon Energy Services Australia Pty Ltd. (“Saxon”) for US $37.0 million cash (the “Acquisition”). The Acquisition is expected to be completed during the first quarter of 2024, subject to the satisfaction of certain conditions including the receipt of regulatory approvals.

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