Drilling Tools International Corp. Signs Definitive Agreement to Acquire UK-Based Titan Tools Services Ltd., Expanding its Global Reach in Downhole Tool Services
Drilling Tools International Corporation (DTI)
Company Research
Source: PR Newswire
Strategic acquisition enhances DTI's product offerings and strengthens its presence in the North Sea, European and African markets, leveraging Titan's customer relationships and expertiseHOUSTON, Oct. 31, 2024 /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 that it signed a definitive agreement on October 29, 2024 to acquire Titan Tools Services Ltd., a UK-based downhole tool rental company ("Titan"), for an undisclosed sum."This strategic acquisition aligns perfectly with our global growth strategy," said Wayne Prejean, CEO of Drilling Tools International. "Titan's strong presence in the UK North Sea, Europe and Africa will allow us to better serve our international custo
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DTI
News
- Earnings Troubles May Signal Larger Issues for Drilling Tools International (NASDAQ:DTI) Shareholders [Yahoo! Finance]Yahoo! Finance
- Drilling Tools International Co. (NASDAQ: DTI) had its price target lowered by analysts at Alliance Global Partners from $7.50 to $5.50. They now have a "buy" rating on the stock.MarketBeat
- Drilling Tools International Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Drilling Tools International Corp. (DTI) Beats Q3 Earnings Estimates [Yahoo! Finance]Yahoo! Finance
- Drilling Tools International Corp. Reports 2024 Third Quarter ResultsPR Newswire
DTI
Earnings
- 11/13/24 - Beat
DTI
Sec Filings
- 11/27/24 - Form 4
- 11/14/24 - Form 10-Q
- 11/14/24 - Form 8-K
- DTI's page on the SEC website