# Perenti to acquire DDH1 for A$410 million

Perenti and DDH1 announced a scheme of arrangement for Perenti to acquire DDH1 for an implied value of A$410 million, split between cash and shares, aiming to create a globally dominant driller.

- Type: Acquisition
- Announced: 2023-06-26
- Where: Australia
- Value: $275.0M (410.0M AUD)
- Status: announced
- Products: drilling services
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Perenti](https://endata.com/companies/54389.md) (acquirer)
- [DDH1](https://endata.com/companies/58351.md) (target)

## Sources

- [miningnews.net](https://www.miningnews.net/mets/news/1455033/perenti-ddh1-merge), 2023-06-26: "The pair has announced a scheme of arrangement that could see Perenti acquire DDH1 for an implied value of A$410 million."

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