+43 1 5325634 office@bollwerk-ag.com

Master Drilling expands European footprint

Master Drilling expands European footprint

Drilling services provider Master Drilling International (MDI) has inked a €5-million deal that will see it acquire a 40% stake in Scandinavian raisebore drilling company Bergteamet Raiseboring Europe. This formed part of MDI’s long-term growth strategy and was an effective entry into the Scandinavian region. With Bergteamet’s dominant market share in Sweden, Norway and Finland, MDI would continue to diversify into the rest of the European market. “We have seen global demand for our specialised services and, in diversifying our operations, we have to look beyond organic growth. The partnership with Berteamet will strengthen our position and entry into new markets, with a continued growth strategy,” MDI CEO Danie Pretorius said. Bergteamet owned a fleet of 18 raisebore drilling rigs.

http://bit.ly/1Lz55Dr

Related Post

With a world-class development-stage asset, WTR are on the path to become a major mineral sands producer in Madagascar. World Titanium Resources is developing the Tier 1 Toliara Sands Project north of the port of Toliara in south-west Madagascar. The Ranobe Mine  is projected to produce 407,000tpa of ilmenite and 44,000tpa of zircon rich concentrate per […]

On March 21, in a warehouse chemical plant in Hamburg there was a leak of chemicals therefore has covered the city with a poisonous cloud of orange color.   It is reported that in a warehouse there was a spill of sulfuric and nitric acid, as a result of chemical reaction over Hamburg the dense […]