In association with GenNx360 Capital Partners, Schramm announced it has acquired Air Drill Hammers and Bits Pty Ltd., in addition to Air Drill Pty Ltd. based in Perth, Australia. Air Drill Hammers and Bits is a world class manufacturer of drill hammers and percussion bits used in reverse circulation mineral exploration and mining applications. This technology product complements Schramm’s drill rig product range.
Since the 1990’s, Air Drill Pty Ltd. has been Schramm’s exclusive distributor for hydraulic top drive drill rigs in Australia, developing major market share for its rigs in mineral exploration, coal seam gas and water well drilling. Schramm’s acquisition of both companies demonstrates its commitment to global expansion in core markets served.
“The combination of Schramm and Air Drill brings together a long-standing partnership which has delivered innovation, service and the highest quality products to our customers in the mining exploration and oil & gas drilling industries. We look forward to continuing to raise our performance together and deliver outstanding products and services on a global scale,” said Edward Breiner, Schramm’s president and CEO.
“This is an exciting opportunity to bring together two companies that complement each other to provide an exceptional platform to meet the growing demands of our customers,” said Andrew Gilbert, CEO of Air Drill.
Recommended Reading
Everywhere All at Once: Woodside CEO Touts Current Global Portfolio
2024-03-05 - Meg O’Neill, the CEO of Australian energy giant Woodside Energy, is overseeing the “next wave” of growth projects around the globe, including developments in the Gulf of Mexico, offshore Senegal and further LNG expansion.
Pemex to Remain Fiscally Challenged for Mexico’s Next President
2024-04-16 - S&P Global Ratings said Pemex will remain a fiscal challenge for the country’s next president, adding that continued cautious macroeconomic management was key in its ratings on both Mexico and Pemex.
Yellen Expects Further Sanctions on Iran, Oil Exports Possible Target
2024-04-16 - U.S. Treasury Secretary Janet Yellen intends to hit Iran with new sanctions in coming days due to its unprecedented attack on Israel.
The Problem with the Pause: US LNG Trade Gets Political
2024-02-13 - Industry leaders worry that the DOE’s suspension of approvals for LNG projects will persuade global customers to seek other suppliers, wreaking havoc on energy security.
Belcher: Our Leaders Should Embrace, Not Vilify, Certified Natural Gas
2024-03-18 - Recognition gained through gas certification verified by third-party auditors has led natural gas producers and midstream companies to voluntarily comply and often exceed compliance with regulatory requirements, including the EPA methane rule.