DTI acquires Titan Tools, expanding global offering for onshore, offshore drilling operations

Drilling Tools International (DTI) announced their completed successful acquisition of Titan Tools Services (Titan), a UK-based downhole tool rental company. DTI is a global oilfield services company that designs, engineers, manufactures tools for use in onshore and offshore drilling operations, as well as other solutions across the well life cycle. The transaction, which was finalized on January 2, 2025, marks a significant milestone in DTI's global growth strategy.

As previously reported on October 31, 2024, this acquisition enhances DTI's product offerings and strengthens its presence in the North Sea, European and African markets. Titan, established in 2009 and based in Aberdeen, Scotland, specializes in renting, servicing, and manufacturing advanced drilling equipment for the oil, gas and geothermal industries.

"We are thrilled to officially welcome Titan Tools to the DTI family,” said Wayne Prejean, CEO of DTI. “This strategic move significantly expands our international footprint, particularly in the UK North Sea, Europe and Africa. Titan's technical expertise and established customer relationships perfectly complement our existing operations, allowing us to offer a more comprehensive suite of solutions to our global clientele."

"Joining forces with DTI opens up exciting opportunities for our team and customers,” added Bruce Jepp, Managing Director of Titan. “Our shared commitment to technological advancement and exceptional customer service will enable us to provide comprehensive solutions across the well life cycle."

The integration of Titan into DTI's operations is expected to begin immediately, with a focus on maintaining business continuity and leveraging synergies between the two companies.