Completed acquisition bolsters DTI’s technological capabilities and service offerings, creating a comprehensive solution provider for the global drilling industry
, /PRNewswire/ — Drilling Tools International Corp., (NASDAQ: DTI) (“DTI” or the “Company”), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced the successful completion of its previously announced acquisition of Titan Tools Services Ltd. (“Titan”), a UK-based downhole tool rental company. The transaction, which was finalized on January 2, 2025, marks a significant milestone in DTI’s global growth strategy.
As previously reported on October 31, 2024, this acquisition enhances DTI’s product offerings and strengthens its presence in the North Sea, European, and African markets. Titan, established in 2009 and based in Aberdeen, Scotland, specializes in renting, servicing, and manufacturing advanced drilling equipment for the oil, gas, and geothermal …