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M&A Deal Summary

Perenti Acquires DDH1 Drilling

On June 26, 2023, Perenti acquired oil/gas exploration company DDH1 Drilling for 400M AUD

Acquisition Highlights
  • This is Perenti’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Perenti’s largest (disclosed) transaction.
  • This is Perenti’s 1st transaction in Australia.

M&A Deal Summary
Date 2023-06-26
Target DDH1 Drilling
Sector Oil/Gas Exploration
Buyer(s) Perenti
Deal Type Add-on Acquisition
Deal Value 400M AUD

Target

DDH1 Drilling

Canning Vale, Australia
DDH1 Drilling is a provider of deep directional mineral drilling services used to identify and extend resources, reserves, mining plans and mining industry. The Company designs complex drilling programs delivered by highly skilled rig operators and has a strong history of satisfying customer requirements. DDH1 Drilling was founded in 2006 and is based in Canning Vale, Australia.

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Buyer(S) 1

Buyer

Perenti

Northbridge, Australia
Category Company
Founded 1986
Sector Metals/Mining
Employees10,290
Revenue 3.5B AUD (2025)
DESCRIPTION

Perenti is a mining services company, that offers exploration, contract mining (both surface and underground), and various support services across four continents. Perenti was founded in 1986 and is based in Northbridge, Australia.

DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2023 M&A 1 of 1
Size (of disclosed) 1 of 1
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