Tesco Acquires Automated Catwalks Technology from Custom Pipe Handlers Canada Inc.

TESCO Corporation

today announced the acquisition of automated catwalk technology from Custom Pipe Handlers Canada Inc.  The acquired catwalk models offer customers the ability to service drilling rigs utilizing state of the art rig mechanization technology.  The catwalk designs are highly mobile and adaptable to various rig structures, offering high tech solutions for handling pipe from the ground to the rig floor. These catwalks, the Brutus, Zeus and Hercules models, are advanced equipment that increase the safety and efficiency of pipe handling.  Catwalks remove workhands from the critical path and eliminate pinch points.  These models are superior to the competition due to their reliability, mobility, ease of maintenance, remote systems, and their ability to service multiple floor heights within minutes. "At the outset of 2013, we debuted TESCO 3.0, our five-year vision for TESCO. We are committed to being our customers' strategic partner in eliminating Non-Productive Time (NPT) and earning our reputation as the premier drilling services company," said Jeff Foster, Senior Vice President. "To achieve our goals, we recognized the need to expand and integrate our service and product offerings, and this acquisition takes us one step closer toward our