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Innovex publishes presentation on agreement to acquire TCO Group for $95 million

PUBT·06/15/2026 11:46:53
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Innovex publishes presentation on agreement to acquire TCO Group for $95 million
  • Innovex entered an agreement to acquire TCO Group for USD 95 million, split between USD 65 million cash and USD 30 million stock.
  • Deal valued at 5.4x TCO 2025 adjusted EBITDA of USD 17.6 million; transaction ROCE shown at 14%.
  • Pro forma impact indicates about 13% accretion to basic EPS, using 2025 net income of about USD 83 million for Innovex and USD 12.4 million for TCO.
  • TCO 2025 revenue shown at USD 70 million; free cash flow at USD 11.5 million, equal to 16% of revenue.
  • Transaction-adjusted net cash position shown at USD 111 million, based on USD 201 million cash and restricted cash less USD 24 million debt and the cash consideration.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Innovex International Inc. published the original content used to generate this news brief on June 15, 2026, and is solely responsible for the information contained therein.