# 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.

- Type: Acquisition
- Announced: 2018-08-31
- Where: Conroe, Texas, United States
- Value: $30.0M
- Status: announced
- Products: frac valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Archer Limited](https://endata.com/companies/3790.md)
- [AWC Frac Valves](https://endata.com/companies/3791.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/archer-limited/r/archer-limited--archer-signs-agreement-to-sell-us-frac-valve-business,c2621971), 2018-08-31: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.