Houston’s AFGlobal has acquired Amkin Technologies LLC’s Axon pressure pumping technology and product line from the privately-held oilfield equipment and technology developer, AFGlobal said Oct. 20.
The price of the acquisition was not disclosed.
The deal gives AFGlobal, a technology and manufacturing company, access to Axon’s pump technologies. The acquisition will allow AFGlobal the ability to provide fluid and power ends in conjunction with the company’s pressure pumping systems. AFGlobal also said adding Axon will ease the integration of systems and help clients realize cost improvements as well as enhance durability and capability.
The products are used across a spectrum of pumping technologies, including cementing, acidizing, coiled tubing support and well servicing.
“Equipment reliability in this market is critical, and this acquisition provides us with a valuable adjacent technology to help us further enhance our offering to clients looking to build efficiencies and streamline their operational suppliers,” Mark Terry, president of pressure pumping and compression for AFGlobal.
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