Announced
Financials
Tags
United States
drilling equipment
Oil Equipment and Services
Acquisition
Domestic
Majority
Public
Pending
Friendly
Single Bidder
Synopsis
Drilling Tools International, an oilfield services company, agreed to acquire Superior Drilling Products for $32m. "We have a well-established history with the DTI team and believe they are the right partner to help us to further penetrate the oil & gas industry with our highly effective well bore conditioning tool. This strategic move represents a tremendous opportunity to leverage our combined resources and expertise to better serve our customers, drive innovation and accelerate our growth domestically and internationally," Troy Meier, Superior Drilling Products Chairman and CEO.
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