Archer to acquire Baker Hughes' UK coil tubing and pumping business

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Archer to acquire Baker Hughes' UK coil tubing and pumping business

Oilfield services company Archer Limited (Oslo:ARCH) announced on Wednesday that it has entered into an agreement with Baker Hughes (Nasdaq:BKR) to acquire its coil tubing and pumping (CT&P) business in the UK.
Financial terms were not disclosed.
This acquisition includes four...

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