Dril-Quip acquires The Technologies Alliance, Inc. d/b/a OilPatch Technologies

1/6/2017

HOUSTON -- Dril-Quip has acquired The Technologies Alliance, Inc. d/b/a OilPatch Technologies (OPT) for approximately $20 million.

Founded in 1990 and based in Houston, OPT is a provider of offshore riser systems and components, proprietary threaded connections and other products, with a focus on deepwater spar and TLP systems.

Blake DeBerry, president and CEO of Dril-Quip, said, "We welcome OilPatch Technologies and its employees to Dril-Quip and are confident their product offerings will complement and further strengthen our position as a leading provider of dry tree systems and associated riser products."

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