# Xinrui Shares to acquire Drillco Tools S.A. for $42 million

Xinrui Shares announced it will acquire 100% of Chilean company Drillco Tools S.A. for $42 million in cash through its wholly-owned subsidiary Australian Xinrui. The acquisition is funded by internal funds and a capital increase to Australian Xinrui.

- Type: Acquisition
- Announced: 2024-12-26
- Where: Chile
- Value: $42.0M
- Status: announced
- Products: drilling tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Xinrui Shares](https://endata.com/companies/82020.md) (acquirer)
- [Drillco Tools S.A.](https://endata.com/companies/82021.md) (target)

## Sources

- [finance.ifeng.com](https://finance.ifeng.com/c/8fdJKr252LA), 2024-12-26: "新锐股份公告，公司拟通过全资子公司澳洲新锐以现金形式收购智利企业Drillco Tools S.A.100%股权，交易对价为4200万美元。"

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