M&A Deal Summary

Drilling Tools Acquires Titan Tools Services

On October 29, 2024, Drilling Tools acquired manufacturer Titan Tools Services

Acquisition Highlights
  • This is Drilling Tools’ 2nd transaction in the Manufacturing sector.
  • This is Drilling Tools’ 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2024-10-29
Target Titan Tools Services
Sector Manufacturing
Buyer(s) Drilling Tools
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Drilling Tools

Houston, Texas, United States

Category Company
Founded 1984
Sector Manufacturing
Employees447
Revenue 154M USD (2024)
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 7 of 7
Sector: Manufacturing M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 6
Country: United Kingdom M&A 2 of 2
Year: 2024 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-03 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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