QOREX acquired by Petrospec Engineering in cross-border transaction

May 2012

On May 18, 2012, Petrospec Engineering Ltd. announced its acquisition of QOREX, LLC. QOREX will operate as a wholly-owned subsidiary of Petrospec and continue operations in Connecticut.

Petrospec, established in 1997 and based in Alberta, is the leading provider of turn-key Reservoir Monitoring solutions to unconventional oil & gas companies in the Canadian oil sands and emerging unconventional resources globally.

QOREX, formed in 2007 and based in Connecticut, is a technology leader in the design, engineering, and supply of harsh environment fiber optic sensing systems in oil and gas and emerging geothermal wells.

Gowlings advised QOREX in this transaction with a team that included Alan Jochelson, Frank Sur and Christine Yick (corporate/M&A) and John McClure (tax).

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