M&A

DDH1 to acquire Swick and create 'world leading mineral driller'

SWICK Drilling, a company that can trace its lineage back to water wells in Nebraska in the 1950s, is set to be acquired by DDH1 in a proposed scrip deal valued on an enterprise basis at A$115 million.

DDH1's rigs at work

DDH1's rigs at work

The result will see DDH1 atop a business with pro-forma revenue last financial year of $445 million and earnings (EBITDA) of $103 million. Swick's planned demerger of its Orexplore business later this...

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