Archer Limited: Archer’s acquisition of Baker Hughes’ Coil Tubing and Pumping business in the UK is complete
Hamilton, Bermuda (April 3, 2023) Reference is made to the announcements on February 8, 2023 and March 2, 2023, wherein Archer announced the acquisition of Baker Hughes’ Coil Tubing and Pumping business in the UK (the “Transaction”). Archer is pleased to announce that the Transaction is now complete in accordance with previously communicated terms. Dag Skindlo, CEO of Archer: “This acquisition is part of our strategy to be one of the leading well services companies in the UK. Together with our well-established platform operations business, Archer is uniquely positioned to serve