Archer Limited: Archer acquires 65% of Vertikal Services AS and strengthens its engineering services portfolio
Hamilton, Bermuda (March 15, 2024) Vertikal Service AS (“Vertikal”) is a Norwegian energy services company established in 2003. Based in Volda, Vertikal has 125 employees and provides inspection, installation, and maintenance services to energy customers in the MMO, drilling, offshore and onshore wind, and hydro segments. Vertikal performs work using advanced industrial rope access techniques on complex structures such as offshore and onshore wind turbines, hydropower stations, and offshore oil and gas installations. The consideration for the shares is a combination of NOK 25 million