Archer agrees to sell AWC Frac Valves to US private equity fund

Archer Limited has agreed to sell its AWC Frac Valves unit, based in Conroe, Texas, to a US private equity fund for USD 30 million on a debt- and cash-free basis. An earn-out of up to USD 5 million depends on 2018 results.

“Archer Limited (OSE: Archer) has entered into a definitive agreement to sell AWC Frac Valves ("AWC") to a US based private equity fund for a consideration of USD 30 million on a debt- and cash-free basis.”news.cision.com

• 1 source
• news.cision.comArcher Limited: Archer signs agreement to sell US Frac Valve Business - Archer LimitedAug 31, 2018

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