In association with GenNx360 Capital Partners, Schramm announced it has acquired Air Drill Hammers and Bits Pty Ltd., in addition to Air Drill Pty Ltd. based in Perth, Australia. Air Drill Hammers and Bits is a world class manufacturer of drill hammers and percussion bits used in reverse circulation mineral exploration and mining applications. This technology product complements Schramm’s drill rig product range.
Since the 1990’s, Air Drill Pty Ltd. has been Schramm’s exclusive distributor for hydraulic top drive drill rigs in Australia, developing major market share for its rigs in mineral exploration, coal seam gas and water well drilling. Schramm’s acquisition of both companies demonstrates its commitment to global expansion in core markets served.
“The combination of Schramm and Air Drill brings together a long-standing partnership which has delivered innovation, service and the highest quality products to our customers in the mining exploration and oil & gas drilling industries. We look forward to continuing to raise our performance together and deliver outstanding products and services on a global scale,” said Edward Breiner, Schramm’s president and CEO.
“This is an exciting opportunity to bring together two companies that complement each other to provide an exceptional platform to meet the growing demands of our customers,” said Andrew Gilbert, CEO of Air Drill.
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