Archer Limited: Archer acquires Baker Hughes’ Coil Tubing and Pumping business in the UK
Hamilton, Bermuda, February 8, 2023 Archer Limited is pleased to announce that we have signed definitive agreements with Baker Hughes Limited to acquire its coil tubing and pumping (“CT&P”) business in the United Kingdom. The CT&P business includes four complete CT&P packages with supporting equipment, specialized and optimized for the UK market. As part of the transaction, Archer will take over a professional team of 51 employees in the UK, under a Transfer of Undertakings (Protection of Employment) (“TUPE”) process. Customer contracts related to the CT&P business will follow the