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Acquiring Company
Drilling Tools International Corp
Acquired Company
Saltire Energy Limited & Foxley Energy Limited
Houston
Aberdeen CityManufacturingEnergyEnergyOil And GasRenewable EnergyDescription
Drilling Tools International Corp. has signed a definitive agreement to acquire Saltire Energy Limited and Foxley Energy Limited for approximately $80 million in cash and shares. This acquisition aims to expand DTI's Eastern Hemisphere presence and enhance its international market capabilities. The transaction is anticipated to close in the first quarter of 2027.
Fundz sees it the moment Drilling Tools International Corp makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Frequently asked
Who acquired Saltire Energy Limited & Foxley Energy Limited?
Saltire Energy Limited & Foxley Energy Limited was acquired by Drilling Tools International Corp, based in Houston. The deal was reported on October 8, 2026. Drilling Tools International Corp. (DTI) is a leading oilfield services company based in Houston, Texas, with a history dating back to 1984. Drilling Tools International Corp is publicly traded (DTI) and operates in Manufacturing.
When did Drilling Tools International Corp acquire Saltire Energy Limited & Foxley Energy Limited?
Drilling Tools International Corp's acquisition of Saltire Energy Limited & Foxley Energy Limited was reported on October 8, 2026. Drilling Tools International Corp. has signed a definitive agreement to acquire Saltire Energy Limited and Foxley Energy Limited for approximately $80 million in cash and shares. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Saltire Energy Limited & Foxley Energy Limited do?
Saltire Energy Limited and Foxley Energy Limited are leading providers of rental drilling tools serving the North Sea, Middle East, Asia Pacific, and other key markets in the Eastern Hemisphere. It is privately held, operating in Energy, and is based in Aberdeen City.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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