Drilling Tools International to acquire Titan Tools Services.

Drilling Tools International, an oilfield services company, agreed to acquire Titan Tools Services, a downhole tool rental company. Financial terms were not disclosed. "This strategic acquisition aligns perfectly with our global growth strategy. Titan's strong presence in the UK North Sea, Europe and Africa will allow us to better serve our international customers. By combining our expertise in downhole drilling tools with Titan's commitment to service and support, we'll be able to offer a more comprehensive suite of solutions to the oil and gas and geothermal drilling industries worldwide," Wayne Prejean, Drilling Tools International CEO.