Ausdrill sells drilling tools business

AUSDRILL has sold its Drilling Tools Australia business to a Finnish manufacturer for $66 million.

Ausdrill sells drilling tools business Ausdrill sells drilling tools business Ausdrill sells drilling tools business Ausdrill sells drilling tools business Ausdrill sells drilling tools business

The business is being picked up by Robit, which manufacturers drilling products and exports them to more than 100 countries.

Ausdrill said the deal continued its strategy of selling non-core assets.

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