Drilling Tools International to acquire Superior Drilling Products for $32m.

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.