German industrial services company Bilfinger agreed to purchase U.S. water technology company Johnson Screens for an undisclosed amount as part of a strategy to drive profits through acquisitions. Johnson Screens, until now owned by Weatherford International Ltd, generates an annual output of 160 million euros ($213.7 million) with 1,200 employees, Bilfinger said on Friday.
Weatherford International Ltd. (Weatherford) is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. Shares of WFT remained unchanged at $11.91. In the past year, the shares have traded as low as $8.84 and as high as $18.33. On average, 10648000 shares of WFT exchange hands on a given day and today's volume is recorded at 0.
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