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Master Drilling boosts European presence

Master Drilling has become the majority owner of raise-boring specialist Bergteamet

Daniel Gleeson
Master Drilling is hoping to boost its European raise-boring work with the acquisition of another 20% of Bergteamet

Master Drilling is hoping to boost its European raise-boring work with the acquisition of another 20% of Bergteamet

It has upped its stake to 60%, from 40%, by acquiring 12,000 shares of the company through an option agreement the two companies signed back in November 2015. Master Drilling’s CEO said the transaction...

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