Atlas Copco has purchased the operational assets of Archer Underbalanced Services for an undisclosed amount.
Archer, headquartered in Houston, provides down-the-hole hammers, drill bits and compressed air packages to U.S. land-based oil and gas companies. The company was part of Archer Well Services.
Stockholm-based Atlas Copco is an industrial group that makes compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems.
Archer’s business will become part of Altas Copco’s mining and rock excavation business.
The deal follows several others for companies that provide services to the oil and gas industry. In October, Advent International picked up P2 Equity Partners, which provides software and data to the oil and gas industry. Also in October, Intertek Group plc bought Global X-Ray & Testing Corp., which supplies nondestructive testing services to the oil and gas industry.