Archer diversifies into floating wind with Moreld Ocean Wind acquisition

Oslo-listed oilfield services player Archer is diversifying its portfolio with the acquisition of floating offshore wind solutions provider Moreld Ocean Wind (MOW) for an undisclosed sum. The deal with Remold Invest comes with a minority stake in US/French floater developer Ocergy, in which MOW invested together with Chevron Technology Ventures. MOW has since its inception …

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