CALGARY, Alta. — Precision Drilling announced today it is divesting its trucking operations, with certain assets sold to Aveda Transportation and Energy Services.
The sale is expected to close on July 1, the company announced.
Kevin Neveau, president and CEO of Precision Drilling, said “The divestiture of these non-core assets will free up capital to invest in the growth of Precision’s core businesses in Canada, the US and international markets. Additionally, we believe the assets will be better suited in an organization committed to growing the service capabilities of the trucking platform these assets provide. We look forward to working with Aveda in the future in supporting our drilling rig moving operations in the US and Canada.”
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