Shareate Tools to acquire Chilean mining services provider Drillco for $42M

Chinese rock drilling tool manufacturer Shareate Tools announced it will acquire 100% of Chilean competitor Drillco for $42 million through its Australian subsidiary Australia Xinrui Tools Co. Ltd. The deal is subject to local regulatory approval. Drillco, based in Quilicura, specializes in precision rock drilling tools for mining.

“La china Shareate Tools pagará 42 millones de dólares por la empresa de la familia Carmona que fabrica desde 1982 herramientas para la perforación de rocas de precisión en Chile.”elinversorenergetico.com

• 1 source
• elinversorenergetico.comChile: Shareate compra a la proveedora de servicios mineros Drillco – Periodico El inversor Energetico & MineroRedaccionJan 14, 2025

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