Brownline Acquires SlimDril International Inc.
Brownline, the developer of the Drillguide Gyro HDD Steering System, recently acquired SlimDril International Inc. SlimDril International Inc. will soon become known as Brownline USA.
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Well known in the United States and Latin America, SlimDril International provides the proprietary Drillguide GST Steering Services to drilling contractors. The acquisition underlines the focus of the two companies to expand operations in the United States and Latin America and to further tailor to its steering service in the HDD industry.
Brownline spearheaded the development of its proprietary Gyro Steering Tool that was launched in 2006. Owing to its high accuracy, insusceptibility to interference, and speed of operations, the GST steering service quickly gained a solid customer base throughout Europe and the Americas.
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With the acquisition of SlimDril International, Brownline will now span a broader geographic area and with integration of the combined drilling knowledge will improve the service to its customers. In total, the group executes in excess of 1,200 projects per year worldwide, drilling more than 1.4 million ft.
“The integration of our two companies will allow us to improve our steering service and to expand the operations in our current markets. We believe that the acquisition will see us achieve our goals and improve availability and customer service,” said Hans de Bruin, CEO of Brownline, and Jim Cloud, CEO of SlimDril International in a joint press release.
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Through expansion of its research and development department, Brownline continues its efforts to expand its technology based product line, and will be introducing new tools in the near future.
For more information, visit drillguide.com.
SOURCE – Browline