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Drilling Tools International (DTI) has shared an announcement.
Drilling Tools International, Inc. has made a strategic expansion by acquiring Casing Technologies Group Limited, along with its subsidiary Deep Casing Tools Limited, for approximately £14.5 million. The deal, which includes paying off CTG’s lenders and purchasing all its shares, was finalized on March 15, 2024. This acquisition promises to bolster Drilling Tools International’s presence in the energy technology sector, a move that was publicly announced three days later to inform and excite shareholders and market watchers alike.
Find detailed analytics on DTI stock on TipRanks’ Stock Analysis page.