Brief: Archer Acquires P&A Specialist Romar-Abrado

Archer

10/01/2023 07:05

Jan 10 (Reuters) - Archer Ltd  ARCHA.OL :
    * ARCHER LIMITED: ARCHER ACQUIRES P&A SPECIALIST
ROMAR-ABRADO AND
INCREASES GUIDANCE FOR 2023
    * DEAL IS BASED ON AN ENTERPRISE VALUE OF USD 8 MILLION,
PLUS
EARN-OUT
    * EARN-OUT PENDING TRADING PERFORMANCE OVER 2023 TO 2025
    * DEAL  CONDUCTED ON A DEBT FREE BASIS AND FINANCED BY
AVAILABLE
CASH AT HAND
    * ACQUISITION IS ACCRETIVE TO ARCHERS' KEY FINANCIAL RATIOS
    * INCREASES FINANCIAL GUIDANCE FOR 2023.
    * GUIDANCE FOR 2023 EBITDA IS LIFTED TO 20-25% ABOVE 2022
LEVELS

Source text for Eikon:  ID:nWkrbjky6b 
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