Brief: Archer To Acquire US Well Service Provider

Archer

24/09/2025 15:47

Sept 24 (Reuters) - Archer Ltd ARCHA.OL:

TO ACQUIRE US WELL SERVICE PROVIDER, PREMIUM OILFIELD SERVICES, LLC

ACQUISITION VALUED AT $20 MILLION

DEAL TO IMPROVE ANNUAL EBITDA BY 5%

TO ACQUIRE A PORTFOLIO OF FISHING EQUIPMENT WITH AN ESTIMATED REPLACEMENT VALUE OF $35-40 MILLION

DEAL TO GIVE MATERIAL THIRD PARTY RENTAL SAVINGS

DEAL TO BE FINANCED THROUGH A CONTEMPLATED PRIVATE PLACEMENT

Source text: ID:nWkr1kMbY9

Further company coverage: ARCHA.OL

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