DDH1 to transform through Swick acquisition

DRILLING contractor DDH1 will acquire Swick Mining Services in an all-scrip deal worth $115 million expanding its fleet to more than 170 rigs.

DDH1 to transform through Swick acquisition DDH1 to transform through Swick acquisition DDH1 to transform through Swick acquisition DDH1 to transform through Swick acquisition DDH1 to transform through Swick acquisition

 

DDH1 and SMS announced the acquisition on October 12, signing a non-binding indicative proposal to combine their fleet.

Under the agreement, SMS shareholders will be granted 0.