Schramm acquires Air Drill Hammers and sister company
WEST CHESTER, Pennsylvania – Schramm, in association with GenNx360 Capital Partners, has announced its acquisition of 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 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.
“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,” said Edward Breiner, Schramm’s president and CEO.