Drilling Tools Has Closed On Its Acquisition Of European Drilling Projects Known As Ed Projects, A Provider Of Next-generation Stabilizers, Specialty Reamers, And Wellbore Optimization Technology For The Drilling Industry, Deal Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Drilling Tools International (DTI) has completed the acquisition of European Drilling Projects (Ed Projects), a company specializing in next-generation stabilizers, specialty reamers, and wellbore optimization technology. The terms of the deal were not disclosed.
October 03, 2024 | 11:31 am
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Drilling Tools International has acquired European Drilling Projects, which could enhance DTI's product offerings in stabilizers, reamers, and wellbore optimization technology. This acquisition may strengthen DTI's market position.
The acquisition of Ed Projects by DTI is likely to enhance DTI's product offerings and market position in the drilling industry. The addition of next-generation stabilizers and wellbore optimization technology aligns with DTI's strategic goals, potentially leading to positive market reception.
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