The deal, finalised on 2 January 2025, strengthens DTI’s global expansion, particularly in the North Sea, Europe and Africa. Credit: Parilov/Shutterstock.

Drilling Tools International (DTI), an innovative oilfield services provider, has completed the acquisition of Titan Tools Services, a UK-based downhole tool rental company.

The deal, finalised on 2 January 2025, is an important step in DTI’s strategy for global expansion, strengthening its position in the North Sea and in European and African markets.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Founded in 2009 and headquartered in Aberdeen, Scotland, Titan Tools Services has carved out a niche in renting, servicing and manufacturing advanced drilling equipment for the oil, gas and geothermal sectors.

DTI CEO Wayne Prejean stated: “We are thrilled to officially welcome Titan Tools to the DTI family. 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.”

The acquisition brings benefits to DTI, including an expanded presence in key markets and enhanced technological capabilities in downhole drilling tools. It also provides access to Titan’s advanced materials and tool design expertise, further solidifying the company’s competitive edge.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The deal also strengthens customer relationships in strategic regions and accelerates the market adoption of innovative tools such as the Drill-N-Ream and the Fixedblade stabiliser, driving growth and industry leadership.

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

The process of integrating Titan into DTI’s operations is set to commence immediately, with a focus on business continuity and capitalising on the synergies between the two entities.