# 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.

- Type: Acquisition
- Announced: 2025-01-14
- Where: Quilicura, Chile, Chile
- Value: $42.0M
- Status: announced
- Products: rock drilling tools
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Drillco](https://endata.com/companies/52315.md) (target)
- [Shareate Tools](https://endata.com/companies/82319.md) (acquirer)

## Sources

- [elinversorenergetico.com](https://www.elinversorenergetico.com/chile-shareate-compra-a-la-proveedora-de-servicios-mineros-drillco/), 2025-01-14: "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."

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