Halliburton Acquires InformatiQ, Expanding Digital Well Lifecycle Solutions
HAL has more than doubled off its 52-week low of $19.44.
Summary
Halliburton has acquired InformatiQ AS, a Norway-based software company specializing in cloud-native applications for subsurface, drilling, well, and logistics data. This strategic acquisition expands Halliburton's Landmark digital business, enhancing its subsurface visualization, analysis, and integration capabilities. It also extends Landmark's reach into operational execution and materials management, building on a longstanding collaboration between the two companies. This move reinforces Halliburton's ongoing strategy to scale its digital offerings, following its acquisition of Sekal AS in April.
At the time of this announcement, HAL was trading at $39.08 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $32.9B. The 52-week trading range was $19.44 to $43.59. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: dpa-AFX.