M&A Deal Summary

Archer Acquires Moreld Ocean Wind

On July 1, 2024, Archer acquired renewable energy company Moreld Ocean Wind

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

M&A Deal Summary
Date 2024-07-01
Target Moreld Ocean Wind
Sector Renewable Energy
Buyer(s) Archer
Deal Type Add-on Acquisition

Target

Moreld Ocean Wind

Stavanger, Norway
Moreld Ocean Wind delivers project management and engineering for fabrication and assembly of floating substructures for wind turbines. Moreld Ocean Wind is based in Stavanger, Norway.

Search 199,442 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Archer

Sandnes, Norway
Category Company
Founded 2007
Sector Energy Services and Equipment
Employees4,928
Revenue 1.2B EUR (2023)
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 Sandnes, Norway.

DEAL STATS #
Overall 4 of 4
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 4 of 4
Country (Norway) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-15 Vertikal

Volda, Norway

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

Buy -
Mergr

Product

Company

Legal