Company

Drilling Tools International To Acquire Tool Rental Company Saltire For ~$80M In Cash And 17.4M DTI Shares

Oct 8, 2026 · 06:04 AM ET· updated 46m ago

Saltire Energy Limited and Foxley Energy Limited (combined "Saltire") is a leading Aberdeen-based provider of rental drilling tools serving the North Sea, Middle East, Asia Pacific, and other key Eastern

Why It Matters

Drilling Tools International is buying a tool rental company called Saltire. This deal shows the company is growing by adding new business and customers around the world.

This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.

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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

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