Drilling Tools International Corp. completes acquisition of European Drilling Projects to advance directional drilling process
Acquiring Company
Drilling Tools International Corp
Acquired Company
ED-Projects
Houston
AmsterdamManufacturingEnergyOil And GasManufacturingEnergyOil And GasDescription
Drilling Tools International Corp. (DTI) has closed on its acquisition of European Drilling Projects (EDP), a global provider of next-generation stabilizers and wellbore optimization technology. This acquisition further demonstrates DTI's commitment to advancing the directional drilling process with innovative tool development and global expansion.
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Frequently asked
Who acquired ED-Projects?
ED-Projects was acquired by Drilling Tools International Corp, based in Houston. The deal was reported on October 3, 2024. 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 ED-Projects?
Drilling Tools International Corp's acquisition of ED-Projects was reported on October 3, 2024. Drilling Tools International Corp. (DTI) has closed on its acquisition of European Drilling Projects (EDP), a global provider of next-generation stabilizers and wellbore optimization technology. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does ED-Projects do?
European Drilling Projects (EDP) is a global provider of next-generation stabilizers, specialty reamers, and wellbore optimization technology for the drilling industry. It is privately held, operating in Manufacturing, and is based in Amsterdam.
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