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Axon acquires Mechserv Ltd

Axon Energy Products AS has today announced the acquisition of Mechserv Ltd., with operations in Arbroath, Scotland and Dubai, UAE. Mechserv is a specialist in the design, building and refurbishment of offshore well service equipment, and will join Axon’s Well Intervention Products division

Axon Energy Products AS has today announced the acquisition of Mechserv Ltd. and its subsidiaries, with operations in Arbroath, Scotland and Dubai, UAE. Mechserv is a specialist in the design, building and refurbishment of offshore well service equipment, and will join Axon’s Well Intervention Products division (AWIP). AWIP, headquartered in Houston, Texas, designs and manufactures multipurpose well intervention equipment for use in the oil and gas industry; and services a global customer base that includes oil and gas drilling, production, well servicing and work-over companies.

Axon Chief Executive Officer Gary Stratulate stated: “Mechserv is a excellent addition to our existing well intervention operations in Texas and Norway. Mechserv’s high quality operations will expand our service and support to customers operating in Europe and the Middle East by providing the ability to manufacture, refurbish and service our products in Scotland and the Middle East. Mechserv’s ATEX, CE, and NORSOK accredited manufacturing facility will provide new build and/or recertification of pressure pumping, nitrogen, coil tubing, cementing, batch mixer and well test equipment for use around the world.”

The Mechserv management team will remain with the company going forward and are integral to the continued growth of AWIP. Mike Craig was appointed as Managing Director of Axon Well Intervention Products – Europe and the Middle East.

www.mechserv.ltd.uk