Weatherford International plc (NASDAQ: WFRD) completed its acquisition of NCS Multistage Holdings, Inc. on September 1, 2026. The transaction integrates NCS Multistage’s completions and reservoir diagnostics capabilities into Weatherford’s existing portfolio.

NCS Multistage common stock has ceased trading on the NASDAQ. Shareholders received either 0.554 shares of Weatherford ordinary shares or a mixed consideration of 0.239 Weatherford shares plus cash equal to the value of 0.137 shares.

Strategic Rationale

The acquisition expands Weatherford’s service offerings across well construction, completions, production optimization, and intervention. Weatherford plans to leverage its global market presence to accelerate the deployment of NCS Multistage technologies.

The combination aims to strengthen Weatherford’s position in North America while supporting a more agile operating model. Management stated the focus now shifts to disciplined integration to improve well performance and maximize asset value.

Transaction Details

Girish Saligram, President and Chief Executive Officer of Weatherford, noted that the deal adds complementary technology and deep completions expertise. He emphasized welcoming the NCS Multistage team to address broader customer challenges across the well lifecycle.

Weatherford International plc and NCS Multistage Holdings, Inc. announced that the deadline for NCS Multistage stockholders to elect their merger consideration is August 31, 2026. The transaction is expected to close on or about September 1, 2026.

Election Deadline and Consideration

Stockholders must submit their election forms by 5:00 p.m. Eastern Time on August 31, 2026. Holders of NCS Multistage common stock can choose between two forms of consideration:

• Share Consideration: 0.554 Weatherford ordinary shares per NCS Multistage share. This option is not subject to proration or limitations.
• Cash and Share Combination: 0.239 Weatherford ordinary shares plus a cash amount equal to 0.137 Weatherford ordinary shares. This option is subject to proration and certain adjustments.

If stockholders do not make a valid election by the deadline, they will be deemed to have elected the Share Consideration.

Transaction Status

The merger has been approved by the boards of directors of both companies and by the controlling stockholder of NCS Multistage, which owns more than 50% of its outstanding common stock. The deal remains subject to customary closing conditions.

Until the transaction closes, Weatherford and NCS Multistage will continue to operate as separate, independent companies. If the closing is delayed beyond the anticipated date, the election deadline may be extended.

Regulatory Filings

Weatherford filed a registration statement on Form S-4 with the Securities and Exchange Commission (SEC). NCS Multistage filed an information statement on Schedule 14C with the SEC and mailed it to stockholders. Investors are urged to review these documents for detailed information about the proposed transaction.