Drilling Tools International Corp. Signs Definitive Agreement To Acquire UK-Based Titan Tools Services Ltd., Expanding Its Global Reach In Downhole Tool Services; No Financial Terms Disclosed
Benzinga Newsdesk 2 years ago
M&A
Strategic acquisition enhances DTI's product offerings and strengthens its presence in the North Sea, European and African markets, leveraging Titan's customer relationships and expertiseHOUSTON, Oct. 31, 2024
Strategic acquisition enhances DTI's product offerings and strengthens its presence in the North Sea, European and African markets, leveraging Titan's customer relationships and expertise
HOUSTON, Oct. 31, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ:DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that it signed a definitive agreement on October 29, 2024 to acquire Titan Tools Services Ltd., a UK-based downhole tool rental company ("Titan"), for an undisclosed sum.