Specialist Australian drilling services company DDH1 has completed the acquisition of Swick, Australia’s largest underground driller, with operations in North America and Western Europe.
DDH1’s Non-Executive Director and Co-Founder Murray Pollock, said the acquisition creates a world-class mineral driller with a combined fleet of 176 high-quality rigs and over 1,600 employees.
“The acquisition of Swick is a transformational transaction growing our customer service opportunity, whilst leveraging common processes and cost base to create long-term value for shareholders,” Mr Pollock said.
“We look forward to integrating Swick with our business to create a company with strong and diversified revenues across both surface and underground drilling.
“We are also excited about the opportunities and innovation that DDH1 will provide our customers, people, and the broader mining and exploration industry.”
