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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