M&A Deal Summary

Archer Acquires Vertikal

On March 15, 2024, Archer acquired energy services and equipment company Vertikal

Acquisition Highlights
  • This is Archer’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Archer’s 1st transaction in Norway.

M&A Deal Summary
Date 2024-03-15
Target Vertikal
Sector Energy Services and Equipment
Buyer(s) Archer
Deal Type Add-on Acquisition

Target

Vertikal

Volda, Norway
website
Vertikal is a Norwegian energy services company that provides inspection, installation, and maintenance services to energy customers in the MMO, drilling, offshore and onshore wind, and hydro segments. The company 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. Vertikal was formed in 2003 and is based in Volda, Norway

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Buyer(S) 1

Buyer

Archer

Hamilton, Bermuda

website

Category Company
Founded 2007
Sector Energy Services and Equipment
Employees4,500
Revenue 824M EUR (2020)
DESCRIPTION

Archer is the well company, a global oilfield service company specializing in drilling services and well services. It employs over 7,000 people unified by a single purpose: building better wells to help its customers produce more oil and gas. Archer was founded in 2007 and is based in Hamilton, Bermuda.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Norway) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-22 Archer - Rental and Tubular

United States

Archer's Rental and Tubular divisions provide equipment and services to exploration and production operators across key U.S. land markets and the U.S. Gulf Of Mexico, in addition to both land and offshore markets in Mexico.

Sell $244M
Mergr

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Company

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