Founded in 2000, Welldrill has built an outstanding reputation in the water well industry having serviced a number of Western Australian government organisations and tier-1 mining companies for over 20 years. Welldrill general manager, Tim Westcott, has been with Welldrill for four years and has helped drive the recent growth of the business as Chegwidden, stepped back from day-to-day operations.

Dynamic is very familiar with the Welldrill business and has identified a number of opportunities to enhance performance under the Dynamic umbrella. Dynamic is also excited about the in-house safety, automation and performance tracking technology of Welldrill which it plans to adopt across its existing fleet.

Dynamic MD Mark Davis said: "The Welldrill acquisition will be transformational for the Dynamic business. Welldrill is expected to provide a critical third limb to our existing drill and blast, and exploration and resource definition drilling services. The acquisition is consistent with the growth strategy we have articulated since our listing in mid-2020 with Welldrill providing a complementary service offering, increased customer diversification and scale to drive cost efficiencies. We are particularly excited to have Tim Westcott, a well-regarded and industry-leading drilling executive joining the Dynamic executive management team."

Westcott added: "Welldrill has demonstrated strong momentum over the last few years with revenue increasing over 100 per cent since 2019 and we are seeing further opportunities for growth as demonstrated by the recent expansion of our fleet. We are excited about joining the Dynamic team with our customers also expected to benefit from our ability to provide services across more adjacencies."

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