HOUSTON – Oil services group Hunting said it would acquire EMS firm Innova-Extel for $125 million. The acquisition is expected to close at the end of the month, subject to normal conditions.

The purchase is expected to be accretive in 2010, not including acquisition charges.

Innova-Extel, a contract assembler specializing in the oil and gas end-market, had consolidated 2009 profit before tax of $1.1 million. EBITDA for 2009 was $13.7 million.

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