Ausdrill exits bit manufacturing

DRILLING contractor Ausdrill is selling its drilling tools business for $A66 million to Finnish drill product manufacturer Robit.

Ausdrill exits bit manufacturing Ausdrill exits bit manufacturing Ausdrill exits bit manufacturing Ausdrill exits bit manufacturing Ausdrill exits bit manufacturing

The business (which is called Drilling Tools Australia, or DTA), has been generating revenue of about $35 million, and will generate Ausdrill a profit after tax in the order of $35 million.

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