Patagonia Drill, with a total of 13 drill rigs, is active in diamond drilling and reverse circulation drilling.

Boart Longyear said that there is potential for it to expand the business further in Argentina and neighboring countries by leveraging its global infrastructure and resources.

Paul Brunner, CEO of Boart Longyear, said: This acquisition strengthens Boart Longyear’s position in the region and will add in excess of $11 million revenue to the group.