Archer Limited Acquires Romar-Abrado

January 10, 2023

Archer Limited has completed the acquisition of P&A milling and SWARF handling specialist Romar-Abrado for an enterprise value of USD 8 million plus an earn-out tied to 2023–2025 trading. The deal, funded from Archer's cash resources, adds Romar-Abrado's ~50 employees and ~USD 10 million 2021 revenue to Archer's well services capabilities and is expected to accelerate international expansion and lift Archer's 2023 guidance.

Buyers
Archer Limited
Targets
Romar-Abrado
Industry
Oil & Gas
Location
Aberdeenshire, United Kingdom
Transaction Type
Buyout

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