Enteq Technologies sells property to support its strategic growth

Enteq Technologies has sold its freehold premises in Houston, Texas for $2.5 million.

Ascot, England-based Enteq is an energy services technology and equipment supplier.

The company said that the sale will support its strategic growth, including its new Saber tool product line which is in the final test phases.

The book value of the property at September 30 was $2.1 million.

Enteq Technologies plc (LON:NTQ) develops and supplies equipment for Measurement, Logging and Geo-steering while drilling of wells for the Geothermal, Oil and Gas markets.

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