Drilling Tools International Corp. (DTI) announced an agreement to acquire Saltire Energy Limited and Foxley Energy Limited for about $80 million in cash plus 17.4 million shares of DTI stock. This acquisition significantly expands DTI's presence in the Eastern Hemisphere, increasing that region's revenue contribution from 18% to approximately 40% of pro forma revenue. Saltire, a rental provider of drilling tools with operations in the UK, Norway, UAE, Singapore, and Malaysia, is expected to add strong financial performance and create cross-selling opportunities with DTI's technologies. The deal is expected to close in Q1 2027 and be immediately accretive to DTI's adjusted EBITDA margins and free cash flow per share, strengthening its global platform and cash flow generation.
Drilling Tools International Corp.'s acquisition news is presented with Pluang's Energy sector market data as of Oct 08, 2026 16:21 WIB. Among 38 priced Energy-sector US stocks tradable on Pluang, 29 rose and 9 fell today. Notable movers include Suncor Energy Inc. (SU) at USD 69.10 with a 1-day change of +1.41% and 100% buy order activity, Valero Energy Corporation (VLO) at USD 430.00 with a 1.39% increase and a 61% sell order activity, and Petróleo Brasileiro SA (PBR) at USD 24.30 with a 1.29% rise and 84% buy order activity. The most notable figure is SU's 100% buy order activity.
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