Innovex International, Inc.

Innovex International, Inc. designs, manufactures, sells, and rents essential engineered products for the global oil and natural gas industry. On September 6, 2024, Innovex Downhole Solutions, Inc. (Legacy Innovex) merged with Dril-Quip, Inc., with Legacy Innovex becoming a wholly owned subsidiary of Dril-Quip. Following this merger, Dril-Quip, Inc. changed its name to Innovex International, Inc. In connection with the merger, Legacy Innovex common stock was converted into the right to receive 32,183,966 shares of the Company's common stock, with Legacy Innovex stockholders receiving 2.0125 shares of Company Common Stock for each share of Legacy Innovex Common Stock. On November 29, 2024, the company acquired 80% of the equity securities of Downhole Well Solutions, LLC (DWS) for $75.1 million in cash, subject to adjustments, and 1,918,558 shares of Company Common Stock. The remaining 20% of DWS equity was already owned by Legacy Innovex. On February 7, 2025, Innovex International, Inc. acquired SCF Machining Corporation (SCF), a Canadian entity, for $17.7 million in cash, subject to adjustments. SCF is the parent company to SCF Machining Corporation Vietnam Company Limited, a Vietnam-based company established to expand Innovex's low-cost country supply chain by providing high quality, low price machined goods as an exclusive manufacturing vendor.