Company
20 Mar 2024
Deep Casing Tools, a leading provider of innovative solutions for the global oil and gas industry, is thrilled to announce its successful acquisition by Drilling Tools International Corp (DTI). This strategic partnership marks a significant milestone in Deep Casing Tools’ journey and represents a bold step towards delivering even greater value to customers worldwide.
The acquisition by DTI is a testament to Deep Casing Tools exceptional reputation and expertise in providing cutting-edge solutions across the well life cycle. This strategic move aligns with Deep Casing Tools’ commitment to innovation, customer satisfaction, and industry leadership.
“We are excited to join forces with Drilling Tools International Corp in this new phase of growth and collaboration,” said David Stephenson, CEO at Deep Casing Tools. “This acquisition is a testament to the hard work and dedication of our team, and we are confident that together with DTI, we will continue to drive innovation and deliver unmatched solutions to our customers.
Deep Casing Tools’ innovative product portfolio, coupled with DTI’s global presence and resources, creates exciting opportunities to expand Deep Casing Tools reach and accelerate development and commercialisation of new technologies.
Wayne Prejean, CEO of DTI, stated, "We are excited to embrace the dedicated and talented team at Deep Casing Tools into the Drilling Tools International family. The acquisition of Deep Casing Tools broadens DTI’s growth opportunities, both domestically and international. We are confident that this partnership will drive innovation, enhance our product offerings, and, as a result, increase shareholder value.”
As Deep Casing Tools integrates into DTI’s operations, the company focus remains on delivering exceptional quality, reliability, and customer satisfaction. Together, with DTI, Deep Casing Tools are well positioned to lead the industry forward and continue to provide customers with the simple, sustainable solutions they need to succeed.
For more information about Deep Casing Tools and their innovative solutions, visit www.deepcasingtools.com. To find out more about Drilling Tools International, visit www.drillingtools.com.