Atlas Copco buys U.S. oil and gas service business
STOCKHOLM -- October 17, 2013
Atlas Copco, a leading provider of sustainable productivity solutions, has
purchased the operational assets of Archer Underbalanced Services, a leading
service provider of down-the-hole hammers, drill bits and compressed air
packages to U.S. land-based oil and gas drilling companies.
Archer Underbalanced, a part of Archer Well Services, based in Houston, Texas,
had sales in 2012 of MUSD 34 (MSEK 230). The acquired assets include five
service locations near major oil and gas reserves, and a drill bit
manufacturing facility in Carlsbad, New Mexico. A total of 75 Archer
Underbalanced employees is expected to transition to Atlas Copco.
“We are very pleased with this acquisition as it greatly enhances our
distribution and support presence in the U.S. land-based oil and gas drilling
industry,” said Johan Halling, Business Area President, Atlas Copco Mining and
Rock Excavation Technique. “This creates opportunities for adding several
complementary Atlas Copco product lines in the future such as state-of-the-art
compressed air solutions through this new distribution channel.”
The acquired business will become part of Atlas Copco’s business area Mining
and Rock Excavation Technique.
Atlas Copco is an industrial group with world-leading positions in
compressors, expanders and air treatment systems, construction and mining
equipment, power tools and assembly systems. With innovative products and
services, Atlas Copco delivers solutions for sustainable productivity. The
company was founded in 1873, is based in Stockholm, Sweden, and has a global
reach spanning more than 170 countries. In 2012, Atlas Copco had39
800employees and revenues of BSEK90.5 (BEUR 10.5). Learn more at
Atlas Copco’s Mining and Rock Excavation Technique business area provides
equipment for drilling and rock excavation, a complete range of related
consumables and service through a global network. The business area innovates
for sustainable productivity in surface and underground mining,
infrastructure, civil works, well drilling and geotechnical applications.
Principal product development and manufacturing units are located in Sweden,
the United States, Canada, China and India.
This information was brought to you by Cision http://news.cision.com
Business Area President, Mining and Rock Excavation Technique
+46 (0)8 743 8314
Ola Kinnander, Media Relations Manager
+46 (0)8743 8060 or +46(0)70 347 2455
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