CORE LABORATORIES ANNOUNCES STRATEGIC ACQUISITION OF BRAZIL-BASED SOLINTEC

Rhea-AI Summary

Core Laboratories (NYSE: CLB) has announced the strategic acquisition of Solintec, a leading Brazil-based integrated geological services company. The acquisition strengthens Core Lab's presence in Brazil's oil and gas sector, where Solintec has been serving national and international companies for over 30 years.

Solintec's modern laboratory facilities provide in-country mineralogic and sedimentary analysis capabilities, which, combined with Core Lab's proprietary dual-energy tomography, will enhance geological assessment services for Brazil's complex offshore pre-salt and onshore projects. The companies have been collaborating through a technical services arrangement since 2022.

This strategic move aligns with Core Lab's investment strategy in key growth markets, positioning the company to capitalize on Brazil's emergence as a leading non-OPEC producer.

Positive

• Strengthens local presence in Brazil's growing oil and gas market
• Eliminates need for sample exports with in-country analysis capabilities
• Expands range of high-value services offered locally to clients
• Leverages existing technical collaboration since 2022
• Enhances service capabilities for complex offshore pre-salt and onshore projects

Negative

• Financial terms of the acquisition not disclosed
• Integration costs and challenges may impact short-term performance

News Market Reaction

+1.78%

1 alert

+1.78% News Effect

On the day this news was published, CLB gained 1.78%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HOUSTON, Sept. 30, 2025 /PRNewswire/ -- Core Laboratories (NYSE: "CLB") announced today the acquisition of Brazil-based integrated geological services company, Solintec.

For more than three decades, Solintec has provided integrated upstream oil and gas geological services to the vast majority of national and international companies operating in Brazil. Its modern laboratory facilities and capabilities enable in-country mineralogic and sedimentary descriptive analysis, eliminating the need to export samples abroad. Combined with Core Lab's proprietary non-invasive dual-energy tomography, these services enhance geologic assessment and formation evaluation, while providing faster turnaround and deeper insights for Brazil's complex offshore pre-salt and onshore projects.

"This transaction is another example of recent investments Core continues to make in key markets which are targeted at growth, and we believe Brazil will continue to emerge as a leading non-OPEC producer with prolific reserves both onshore and offshore. The acquisition of Solintec will strengthen our local presence and expand the range of high-value services offered locally to clients," said Larry Bruno, CEO of Core Laboratories. "Whether it's an acquisition like Solintec, or expanding existing facilities and capabilities like we did with our unconventional core analysis laboratory in Saudi Arabia, Core Lab will continue to evaluate investments in growth opportunities. Core remains committed to offering advanced technologies across our global footprint and directly into the world's most critical energy markets. Together, these strategic investments enhance client partnerships, open new avenues for growth, and reinforce our commitment to creating shareholder value."

Core Lab and Solintec have been collaborating through a technical services arrangement since 2022, offering the broadest range of complementary service portfolios available to Brazil's oil and gas industry. This acquisition will further enhance Core Lab's presence to deliver the most comprehensive suite of reservoir laboratory services in the region and long-term, sustainable value for its clients and shareholders.

Core Laboratories Inc. (www.corelab.com) is a leading provider of proprietary and patented reservoir description and production enhancement services and products used to optimize petroleum reservoir performance. The Company has over 70 offices in more than 50 countries and is located in every major oil-producing province in the world.

Solintec (www.solintec.com/br/en) is widely recognized as the leading laboratory for integrated geological services in Brazil. From its laboratory and storage facilities, the company provides one-stop operational and technical support to the highest quality standards, with ISO Certifications and certified local content of 100%.

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SOURCE Core Laboratories Inc

FAQ

What company did Core Laboratories (CLB) acquire in Brazil?

Core Laboratories acquired Solintec, a Brazil-based integrated geological services company that has been operating for over three decades.

How will the Solintec acquisition benefit Core Laboratories?

The acquisition will strengthen Core Lab's local presence in Brazil, expand its high-value services offering, and enhance geological assessment capabilities for complex offshore pre-salt and onshore projects.

What is Solintec's market position in Brazil?

Solintec is widely recognized as the leading laboratory for integrated geological services in Brazil, serving the majority of national and international oil companies operating in the country.

How long have Core Laboratories and Solintec been working together?

Core Lab and Solintec have been collaborating through a technical services arrangement since 2022.

What services does Solintec provide in Brazil?

Solintec provides integrated upstream oil and gas geological services, including mineralogic and sedimentary descriptive analysis, with modern laboratory facilities and 100% certified local content.