DDH1 and Swick drilling businesses to merge

DDH1 has agreed to merge with Swick's drilling business, creating a combined entity with around $445 million in annual revenue and a fleet of 170 drill rigs. Swick shareholders will own 19.7% of the merged company.

“Partnering with the leading underground diamond driller in Australia is a natural evolution to our specialised surface drilling operations.”australianresourcesandinvestment.com.au

• 2 sources
• australianresourcesandinvestment.com.auDDH1 drums up Swick drilling merger - Australian Resources & InvestmentNickolas ZakhariaOct 12, 2021
• stockhead.com.auDrilling companies DDH1 and Swick announce merger as mining services heats up | StockheadJosh ChiatOct 12, 2021

Summarized from public sources; check the original articles before acting on it.