M&A Deal Summary

Drilling Tools Acquires ED Projects

On October 3, 2024, Drilling Tools acquired oil/gas exploration company ED Projects

Acquisition Highlights
  • This is Drilling Tools’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Drilling Tools’ 1st transaction in the Netherlands.

M&A Deal Summary

Date 2024-10-03
Target ED Projects
Sector Oil/Gas Exploration
Buyer(s) Drilling Tools
Deal Type Add-on Acquisition

Target

ED Projects

Amsterdam, Netherlands
ED Projects designs and manufactures bespoke drilling equipment tailored to address specific industry challenges. ED Projects was founded in 2004 and is based in Amsterdam, Netherlands.

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Buyer(S) 1

Buyer

Drilling Tools

Houston, Texas, United States

Category Company
Founded 1984
Sector Manufacturing
DESCRIPTION

Drilling Tools is a provider of rents tools to major oilfield services companies, directional drilling companies, and exploration and production companies for bottom hole assemblies and tubular goods used in onshore and offshore horizontal and directional drilling. Drilling Tools was founded in 1984 and is based in Houston, Texas.


DEAL STATS #
Overall 6 of 7
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 5 of 6
Country (Netherlands) 1 of 1
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-18 Deep Casing Tools

Westhill, United Kingdom

Deep Casing Tools is an oil and gas technology development company providing unique and innovative downhole technology solutions to customers worldwide. Its products facilitate running casing and completion strings to targeted depth reducing well cost and improving well integrity and reservoir contact. Deep Casing Tools was formed in 2008 and is based in Westhill, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-29 Titan Tools Services

Aberdeen, United Kingdom

Titan Tools Services is a downhole tool rental company specializing in providing downhole drilling tools for the oil and gas, as well as geothermal drilling industries. Titan Tools Services was founded in 2009 and is based in Aberdeen, United Kingdom.

Buy -