Master Drilling expands European footprint

Drilling services provider Master Drilling International (MDI) has inked a €5-million deal that will see it acquire a 40% stake in Scandinavian raisebore drilling company Bergteamet Raiseboring Europe. This formed part of MDI’s long-term growth strategy and was an effective entry into the Scandinavian region. With Bergteamet’s dominant market share in Sweden, Norway and Finland, MDI would continue to diversify into the rest of the European market.