Bluestar Acquisition - May 06

Sondex, announce the acquisition of Bluestar Tools (“Bluestar”), a Canadian-based business designing, manufacturing and supplying instrumentation and tools for drilling operations in oil and gas wells.

About Bluestar

Bluestar, based in Calgary Canada, is a fast growing supplier of specialist technology and equipment used in drilling oil & gas wells. This equipment is used to reduce drilling time and improve productivity. Bluestar supplies a range of Measurement and Logging While Drilling tools which are complementary to Geolink, a company acquired by Sondex in June 2004. Together Geolink and Bluestar will form the expanding Sondex Drilling division. Bluestar’s instruments include tools to assist, when desired, in keeping wells vertical and straight during drilling. Additionally, Bluestar’s instruments include a replaceable measurement tool which can provide cost savings in the directional drilling process.

Bluestar has a significant presence in Canada and is also showing rapid growth in the USA. Bluestar’s sales are expected to be increased globally with the help of the Sondex international distribution network. This acquisition will allow Sondex to combine Geolink and Bluestar’s products providing an enhanced well orientation solution enabling directional drilling contractors to offer a broader service. Prior to the acquisition by Sondex, Bluestar was owner managed; the management team will remain with the business and a programme of integration with Sondex is planned.

Please click here to read more about this acquisition.
Click here to view our Drilling Products.