LONDON--(BUSINESS WIRE)--Hunting PLC (LSE: HTG), the precision engineering group, today announces the acquisition of the Organic Oil Recovery (“OOR”) technology from its founding shareholders, for a consideration of $17.5 million. Hunting has acquired the entire portfolio of intellectual property, comprising over 25 discreet patents, the distribution rights for the technology, and the laboratory located in California, US. Following the acquisition, the Company will hold the global rights for th...
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