# High Arctic acquires Precision Drilling snubbing assets for $8.25 million

High Arctic Energy Services has agreed to acquire the snubbing services equipment assets of Precision Drilling, located in Canada, for $8.25 million in cash. The acquisition is expected to close on April 15, 2019.

- Type: Acquisition
- Announced: 2019-04-04
- Where: Canada, Canada
- Value: $6.15M (8.25M CAD)
- Status: announced
- Products: snubbing services equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [High Arctic Energy Services](https://endata.com/companies/33839.md) (acquirer)
- [Precision Drilling](https://endata.com/companies/38552.md) (target)

## Sources

- [haes.ca](https://haes.ca/high-arctic-announces-acquisition-of-precision-drilling-snubbing-assets/), 2019-04-05: "High Arctic is pleased to announce it has entered into an agreement to acquire the assets of Precision Drilling's snubbing services equipment, entirely located in Canada."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.