AcquisitionOct 8, 2026Pending
🇬🇧 United Kingdom
SESaltire Energy Limited and Foxley Energy LimitedDTDrilling Tools International Corp.
Energy › Oilfield Services
Deal valueUndisclosed
AnnouncedOct 8, 2026
ConsiderationCash and stock
StructureOther
RegionEurope
Cross-borderYes
Contingent paymentNo
Overview
Drilling Tools International Corp. agreed to acquire Saltire Energy Limited and Foxley Energy Limited (combined “Saltire”) for approximately $80 million in cash and 17.4 million shares of DTI common stock.
Deal rationale
The combination is expected to create a stronger, more diversified global platform, expand DTI’s Eastern Hemisphere presence to approximately 40% of pro forma revenue, and be accretive to key financial metrics.
AI-generated from the SEC filingPendingEnergy › Oilfield ServicesUnited KingdomEurope
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Cash and stock |
Advisors
Buy-side
EEvercore
Sell-side
PSPiper Sandler
Parties
Target
SESaltire Energy Limited and Foxley Energy Limited
- Headquarters
- United Kingdom
- Ticker
- —
Acquirer
DTDrilling Tools International Corp.
- Headquarters
- United States
- Ticker
- —