Archer Limited: Archer acquires P&A specialist Romar-Abrado and increases guidance for 2023
Hamilton, Bermuda (January 10, 2023) Archer Limited is pleased to announce that we have closed the acquisition of Romar-Abrado. The acquisition is based on an enterprise value of USD 8 million, plus earn-out pending trading performance over 2023 to 2025. The acquisition is conducted on a debt free basis and financed by available cash at hand. Romar-Abrado offers advanced milling and SWARF handling services to the global Plug and Abandonment (“P&A”) market. Its combined approach and first-class operating knowledge provide innovative technologies through integrated milling and SWARF