07:39 AM EDT, 07/01/2025 (MT Newswires) -- Innovex International ( INVX ) said Tuesday that it has completed the divestment of its Subsea Tree product line to Trendsetter Engineering through an all-cash transaction.

The company said the product line contributed less than 1% of its revenue in the trailing 12-month period as of the end of Q1 and its divestment will allow Innovex ( INVX ) to focus on its core product lines.

Innovex ( INVX ) said it will retain intellectual property rights for the subsea tree orientation systems and plans to license the technology to subsea tree manufacturers.

Shares of Innovex ( INVX ) were down more than 1% in recent premarket activity.