Nabors Industries has acquired Robotic Drilling Systems, a leading provider of advanced drilling solutions, to enhance operational efficiencies and expand its technology portfolio.
Target Information
Robotic Drilling Systems (RDS) is an innovative technology company based in Sandnes, Norway, established in 2005. The company specializes in the development of advanced robotic drilling solutions that enhance the efficiency of both land-based and offshore drilling operations. Since its inception, RDS has made significant strides in revolutionizing the drilling industry with its cutting-edge technology.
Investinor, along with other private investors, first invested in RDS in 2012, contributing a total of 59.1 million NOK for a stake of 19.6%. Under their guidance, RDS has been able to grow both industrially and financially, showcasing the potential of its technologies in a competitive market.
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Industry Overview
The drilling industry in Norway is recognized for its technological advancements and strong focus on innovation. As a major oil-producing country, Norway is increasingly investing in efficient drilling tec
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Nabors Industries
invested in
Robotic Drilling Systems
in 2023
in a Other deal
Disclosed details
Equity Value: $59M