Innovex International, Inc., a leading provider of products and technologies to the oil and gas industry, has announced the completion of the divestment of its Subsea Tree product line to Trendsetter Engineering, Inc. This all-cash transaction allows Innovex to concentrate on its core subsea product lines, enhancing customer responsiveness and delivering superior growth. Trendsetter Engineering, Inc. will now expand its offerings in the subsea production solutions arena, marking a significant step forward by entering the subsea tree product space. Innovex will maintain intellectual property rights for its subsea tree orientation systems, with plans to license this technology to manufacturers.
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