Archer signs term sheet to potentially acquire Baker Hughes UK coil tubing and pumping business

Archer Limited signed a term sheet with Baker Hughes to potentially acquire Baker Hughes' coil tubing and pumping business in the United Kingdom. The deal is a remedy under a UK Competition and Markets Authority process and remains subject to definitive agreements and CMA approval.

“Archer Limited has signed a term sheet with Baker Hughes Limited (“Baker Hughes”) to potentially acquire Baker Hughes’ coil tubing and pumping (“CT&P”) business in the United Kingdom.”archerwell.com

• 2 sources
• archerwell.comArcher Limited: Archer signs term sheet to potentially acquire Baker Hughes’ coil tubing and pumping business in the United Kingdom - ArcherJan 17, 2023
• archerwell.comArcher Limited: Archer’s acquisition of Baker Hughes’ Coil Tubing and Pumping business in the UK is approved by the UK CMA - ArcherMar 2, 2023

Summarized from public sources; check the original articles before acting on it.