XACT Downhole Telemetry acquired by Baker Hughes

1 minute read
24 September 2018

On Sept. 24, 2018, XACT Downhole Telemetry Inc. ("XACT") was acquired by Baker Hughes.

XACT of Calgary, Alberta, provides an acoustic technology platform that delivers real-time downhole drilling and completion data with memory backup.

Houston, Texas-based Baker Hughes provides integrated oilfield products, services and digital solutions worldwide.

Gowling WLG advised XACT in this transaction with a team that included Frank Sur, Greg Peterson and Jason Mullins (corporate/M&A) and Roch Ripley, Brian Lee and Timothy Bailey (IP).

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