DTI closes acquisition of European Drilling Projects (EDP) to expand global footprint and technology portfolio.

Drilling Tools International Corp

Acquired EDP, a global provider of next-generation stabilizers, specialty reamers, and wellbore optimization technology.
Terms of the transaction were not disclosed.
EDP's products include Fixedblade stabilizer, complementing DTI's Drill-N-Ream technology.
EDP's Eastern Hemisphere footprint aligns with DTI's international growth strategy.
Founders Tom Newman and Lauraine Kaal join DTI; Jelle Zwart remains Managing Director.

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