Archer (ARHVF) has released an update.
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Archer has successfully completed its acquisition of Wellbore Fishing & Rental Tools, LLC for $51.5 million, strengthening its position in the oil and gas sector. This strategic move, primarily financed through a private placement, capitalizes on WFR’s anticipated 2024 revenue of $45 million and robust EBITDA margin exceeding 30%.
For further insights into ARHVF stock, check out TipRanks’ Stock Analysis page.
