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Omni closes on Rig Tools acquisition.

Europe Intelligence Wire

| November 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From AFX Europe (Focus))

CARENCRO, La. (AFX) - Omni Energy Services Corp., a provider of seismic drilling services to the oil industry, said Wednesday it closed its $14.1 million acquisition of Rig Tools Inc., and it expects the deal to boost results immediately.

Under the terms of the deal first announced in June, Omni bought the privately-held Youngsville, La.-based oil field equipment lessor for $14.1 million plus the assumption of roughly $2.1 million in debt.

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