Weatherford International to Acquire NCS Multistage Holdings in a $113.78 Million Deal

Weatherford International plc (WFRD) entered a merger agreement on June 1, 2026, to acquire NCS Multistage Holdings, Inc. (NCSM) in a deal valued at $113.78 million.

Deal Structure:

NCS Multistage stockholders can elect to receive either 0.554 shares of Weatherford common stock or a combination of 0.239 shares of Weatherford common stock and a cash amount equal to 0.137 shares of Weatherford common stock, subject to proration.

The all-stock option values NCS at $57.42 per share, while the cash plus stock option values it at about $38.97 per share.

The all-stock value represents a premium of 35.48% from the stock’s last close.

Overall, NCS shareholders are expected to receive the equivalent of 0.463 shares of Weatherford common stock for each share they own, with up to 19.99% of the total payment made in cash.

Company Profile:

NCS Multistage is an oilfield services company that provides engineered completion products, fracturing systems, and diagnostic services used in the construction and completion of oil and natural gas wells. The company primarily serves exploration and production operators in North America and selected international markets.

Weatherford is an oilfield services company that provides equipment, technology, and services for the drilling, completion, production, and intervention of oil, natural gas, and geothermal wells. The company operates globally across the well lifecycle, serving energy producers in both onshore and offshore markets.

Deal Details and Timeline:

The merger is expected to close in the second half of 2026.

Weatherford and NCS Multistage will continue to operate as separate and independent companies.

Piper Sandler served as financial advisor to NCS, while Baker Botts acted as its legal counsel. Weatherford was advised by King & Spalding as legal counsel.

Weatherford is paying 8.88 times the EBITDA for NCS Multistage.

Deal Metrics:

For an in-depth analysis of this merger and acquisition transaction, visit the Deal Metrics page here:
Deal Metrics for the acquisition of NCS Multistage Holdings, Inc. (NCSM) by Weatherford International plc (WFRD)

The Deal Metrics page for each merger or acquisition includes:

– A spread history chart of the merger from announcement through eventual completion or failure.
– Every event as the merger progresses through the expiration of the HSR period, various regulatory approvals, shareholder votes, etc.
– News and SEC filings.
– A history of deal updates.
– And a whole lot more.

Disclaimer: Please conduct your own thorough research before buying or selling any securities mentioned in this article. We do not guarantee the completeness or accuracy of the content or data provided in this article.

Editor’s Note: Baranjot Kaur contributed to this article