Drilling Tools International completed the acquisition of Deep Casing Tools.

Drilling Tools International, an oilfield services company, completed the acquisition of Deep Casing Tools, a downhole technology solutions provider. Financial terms were not disclosed. "We are very pleased to join the DTI organization and I look forward to working with Wayne Prejean and DTI's leadership team as we enter this next successful phase of our evolution. Deep Casing Tools continues to push the boundaries of innovation and challenge conventional target depth technology. Our long-term contracts for our portfolio of products in Central America, the Middle East and Asia Pacific, as well as the commercialization of three new technologies in the UK, Europe and beyond, is an excellent fit with DTI's existing capabilities and footprint. By maintaining complete control over the entire engineering and manufacturing process, the partnership of DTI and Deep Casing Tools will ensure unrivalled quality and design in its solutions worldwide," David Stephenson, Deep Casing Tools CEO.