Atlas Copco buys U.S. oil and gas service business
STOCKHOLM, Sweden -- Atlas Copco 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 $34 million. The acquired assets include five service locations near major oil and gas reserves, and a drill bit manufacturing facility in Carlsbad, New Mexico.
The acquired business will become part of Atlas Copco’s business area Mining and Rock Excavation Technique.