Trinidad Drilling acquires RigMinder for US$30 million

Trinidad Drilling Ltd. has acquired RigMinder Operating LLC for US$30 million, comprising US$25 million in cash and US$5 million in common shares, with additional contingent payments of up to US$10 million and an earnout. RigMinder provides drilling technology including directional drilling guidance and electronic data recording systems.

“RigMinder will allow Trinidad to provide its customers with a fully integrated rig performance solution by integrating drilling software and data collection along with Trinidad's proprietary control system (IRIS).”globenewswire.com

• 1 source
• globenewswire.comTrinidad Drilling Announces Strategic Acquisition ofTrinidad Drilling LtdAug 28, 2017

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