Atlas Copco buys U.S. oil and gas service business

10/18/2013

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.

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