Archer Limited: Wellbore Fishing and Rental Tools LLC acquisition closed

Source: www.gulfoilandgas.com 11/18/2024, Location: South America

Reference is made to the notification dated October 30, 2024, wherein Archer announced its agreement to acquire Wellbore Fishing & Rental Tools, LLC (“WFR”). Total consideration for the acquisition was $51.5 million, financed through a private placement of $50 million as announced on October 31, 2024, and cash at hand.

We are pleased to announce that the transaction has now closed, in accordance with previously communicated terms.


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