Drilling Tools International Corp. announced on January 2, 2025, the successful completion of its acquisition of Titan Tools Services Ltd., a UK-based downhole tool rental company. The transaction was finalized on January 2, 2025, as previously reported on October 31, 2024.
Titan Tools, established in 2009 and based in Aberdeen, Scotland, specializes in renting, servicing, and manufacturing advanced drilling equipment for the oil, gas, and geothermal industries. This strategic move significantly expands DTI's international footprint, particularly in the UK North Sea, Europe, and Africa.
The acquisition bolsters DTI's technological capabilities and service offerings, creating a more comprehensive solution provider for the global drilling industry. The integration of Titan into DTI's operations is expected to begin immediately, focusing on business continuity and leveraging synergies between the two companies.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.