DTI signs definitive agreement to acquire UK-based Titan Tools Services Ltd.

Drilling Tools International Corp

Acquisition expands DTI's presence in North Sea, Europe, and Africa markets.
Undisclosed purchase price; expected close in Q1 2025 subject to approvals.
Titan provides downhole tool rental; combined suite includes Drill-N-Ream and Fixedblade stabilizer.
CEO says deal aligns with global growth strategy and enhances technological capabilities.
Transaction subject to customary closing conditions and regulatory approvals.

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