SBO buys Exoko Composites Company, LLC, specializing in Composite PC pumps and motors

CEO Gerald Grohmann of SBO (Schoeller-Bleckmann Oilfield Equipment AG located in Ternitz/Austria) announced the acquisition of the US company EXOKO in Tulsa, Oklahoma, and Dayton, Ohio which is an innovative energy industry equipment manufacturer that uses cutting edge technology. EXOKO, through its patented technologies, is a leading supplier of high performance positive displacement motors and pumps for drilling operators and energy production companies worldwide. EXOKO, through technology licensing agreements, owns the commercial development rights for utilizing composite materials in the manufacture of progressive cavity devices. The company’s trademark for this technology is PrecisionWall™. The use of this composite technology in the manufacture of progressing cavity pumps (PCPs) and power sections (PDMs) is an important addition to SBO’s product range. The company will operate under SBO’s subsidiary, Bico Drilling Tools, Inc. and is currently moving manufacturing operations to Broken Arrow, OK.


Bico Drilling Tools, Inc.
13675 East 61st Street South
Broken Arrow, OK 74012 USA
www.bicodrilling.com
Contact: Mark Gregoli
Phone: (918) 492-2285
Fax: (918) 512-4761
Email: mgregoli@bicodrilling.com