National Energy Services acquires minority stake in SALTTECH

National Energy Services (NESR) Reunited announced that it has acquired a minority stake in SALTTECH. Funded through cash, the acquisition follows the successful deployment of Dyvar on several key pilot projects in the MENA region, including the recently announced Circular Water project deployed successfully with NESR’s largest customer. The Dyvar represents a core component of NESR’s growing portfolio of fit-for-purpose water solutions within its NEDA segment, and the acquisition deepens the collaboration between NESR & Salttech in pursuing the sustainable scale-up of this novel, Circular Water concept in Saudi Arabia and other key countries. NESR will also have the sole option to acquire additional stake and become the majority owner of Salttech in subsequent years.