Axon announces merger with FDS, FTS

Axon Energy Products AS has announced the merger of Fluid Design Solutions Inc. (FDS) and Fluid Technical Services Inc. (FTS) with its subsidiary Axon Drilling Products, Inc.

Offshore staff

HOUSTON – Axon Energy Products AS has announced the merger of Fluid Design Solutions Inc. (FDS) and Fluid Technical Services Inc. (FTS) with its subsidiary Axon Drilling Products, Inc.

Headquartered in Houston, Axon designs and manufacturers pressure control, well intervention, and drilling products, and also provides rig concept and design services.

Axon CEO Gary Stratulate said: “FDS and FTS are a sound strategic fit and will form the core of our drilling products platform. We are extremely pleased to have FDS and FTS as part of the Axon family. FDS and FTS have an industry wide reputation for producing top quality products and service. The resultant company, ADP, will engineer, manufacture, recertify and provide aftermarket parts and service for both hydraulic and electric top drives, iron roughnecks, pipe handling equipment and drilling control systems which meet or exceed our customer’s requirements.”

08/05/2011

More in Company News