Archer - M&A Activity 2026 | FinancialReports.eu

Archer acquires isol8 to advance subsea and rigless P&A capabilities

Hamilton, Bermuda (May 22, 2026)

Archer has signed a share purchase agreement to acquire isol8, an innovative

well technology company that specialises in alloy-based barrier solutions and

advanced materials for use in well completions, intervention, and plug and

abandonment (P&A).

These technologies and solutions will expand and grow Archer's plug business and

advance our strategy to be the P&A company of choice.

Archer CEO Dag Skindlo commented: "This acquisition brings valuable technologies

and talent into Archer. Isol8's solutions will strengthen and expand our leading

plug portfolio and advance our subsea and rigless P&A offering. The acquisition

reinforces our ability to deliver safe, efficient, and scalable well abandonment

solutions to our global customers."

Andrew Louden, Founder and CEO of isol8, commented: "Archer's global reach and

established customer base create a strong platform to scale deployment of

isol8's technologies across the entire well lifecycle. Together, we have the

opportunity to expand adoption of our existing alloy barrier products and

accelerate the commercialisation of our emerging metal element technology."

Completion of the transaction is subject to customary regulatory approvals,

expected later in Q2 2026.

For additional information please contact:

Espen Joranger, Chief Financial Officer, Mobile: +47 982 06 812, Email:

Joachim Houeland, Manager Treasury and Investor Relations, Mobile: +47 482 78

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