Drilling Tools International Corp. Closes on Acquisition of Deep Casing Tools
Drilling Tools International Corporation (DTI)
Company Research
Source: PR Newswire
HOUSTON, March 18, 2024 /PRNewswire/ -- Drilling Tools International Corp. ("DTI" or the "Company") (NASDAQ: DTI), today announced it has closed on the acquisition of UK-based Deep Casing Tools ("DCT"), a global leader in innovative downhole technology solutions. Details of the transaction were not disclosed.Deep Casing Tools specializes in the design, engineering and manufacture of a range of patented and innovative products that add value to well construction, well completion and casing installation processes. Since 2012, Deep Casing Tools has supported operators within the energy sector globally, including areas within the Middle East as well as Europe, America and Asia. The firm was established in 2008 with the vision to design and commercialize market leading technologies that enhance wellbore operations across global markets.Wayne Prejean, CEO of DTI, stated, "We are excited to embrace the dedicated and talented team at Deep Casing Tools into the Drilling Tools International fam
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- Drilling Tools International Corp. Announces Upcoming Investor Conference SchedulePR Newswire
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- Drilling Tools International Corp. Amends and Extends ABL Credit Facility and Enters into New Term LoanPR Newswire
- Drilling Tools International Corp. (NASDAQ: DTI) is now covered by analysts at Jefferies Financial Group Inc.. They set a "hold" rating and a $3.00 price target on the stock.MarketBeat