M&A Deal Summary

Archer Acquires WFR Tools

On October 30, 2024, Archer acquired business services company WFR Tools for 52M USD

Acquisition Highlights
  • This is Archer’s 1st transaction in the Business Services sector.
  • This is Archer’s 2nd largest (disclosed) transaction.
  • This is Archer’s 2nd transaction in the United States.
  • This is Archer’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2024-10-30
Target WFR Tools
Sector Business Services
Buyer(s) Archer
Deal Type Add-on Acquisition
Deal Value 52M USD

Target

WFR Tools

Houma, Louisiana, United States
WFR Tools is focused on fishing operations in the oil and gas sector. Fishing operations include multiple activities during the well life cycle, including the removal of stuck equipment, pipe, completion, downhole tools, casing, and liners for intervention, as well as workover and P&A operations. WFR Tools was founded in 2012 and is based in Houma, Louisiana.

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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 5 of 5
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Louisiana) 1 of 1
Country (United States) 2 of 2
Year (2024) 3 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 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.

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