The Australian service provider had announced its agreement to buy Hofco Oil Field Services at the start of February for a total contract price of A$30.5 million (US$31.6 million).
The settlement of the transaction followed the completion of a fully underwritten one-for-four non-renounceable pro-rate entitlement offer and a share placement to investors.
Titan believed the acquisition was consistent with its strategy of targeting other services in the CBM industry.
“Hofco
