Flotek Industries (FTK) Tops Q4 EPS by 1c
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Flotek Industries (FTK) to Acquire International Artificial Lift
January 28, 2015 7:12 AM ESTFlotek Industries (NYSE: FTK) announced it has entered into a Definitive Agreement to purchase substantially all of the assets of International Artificial Lift, LLC ("IAL").
IAL is a developmental-stage company that specializes in the design, manufacturing and service of next-generation Hydraulic Pumping Units ("HPU") that serve to increase and maximize production for oil and natural gas wells. Founded and led by Larry Best, a 40-plus year veteran of hydraulic and electrical computerized controls and lift systems, IAL has developed patented and patent-pending designs and technology that provide Flotek with proprietary advances in... More
