Companies in the news ///
Arcapita Inc., a private equity investment firm, announced that its affiliates have signed an agreement to acquire Varel Holdings, Inc., from KRG Capital Partners for about $369 million. The Carrollton, Texas-based Varel produces PDC and roller cone bits for oil and gas drilling, mining and industrial applications. The company generates 50% of its revenue outside North America.
Schlumberger has opened its Breakthrough Performance Center, an innovation lab and executive briefing center in Houston, to showcase, create and test digital technology innovations in the oil and gas industry. Schlumberger Information Solutions (SIS) is collaborating with several technology firms-Barco, Dell, HP, IBM, Intel, Microsoft, NetApp, NVIDIA, Panoram Technologies and The Whitlock Group-to develop the center. Also, Schlumberger has announced the acquisition of InnerLogix, a supplier of data quality management software for the E&P industry. InnerLogix has offices in Houston and in Stavanger, Norway.
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