AFGlobal Acquires Advanced Measurement Inc.
July 06 2017 - 9:00AM
AFGlobal today announced its acquisition of Advanced Measurement
Inc. (AMI), a key provider of automation, controls and data
management systems. This acquisition enhances the company’s current
upstream drilling, completion and production smart technology,
providing better answers and efficiencies for its clients.
“AMI’s offerings will help broaden our reach as an OEM,”
commented Curtis Samford, President and CEO of AFGlobal. “This
strategic technology addition will serve as an important vehicle
for us to further develop more advanced control and data management
offerings, enhancing our ability to help clients achieve stronger
production gains and make better real-time decisions.”
“AFGlobal is an ideal fit for AMI, and the opportunities
afforded by the match up are tremendous. We will be well positioned
to expand beyond our current stronghold in pressure pumping
controls into new markets, such as managed pressure drilling and
compression,” commented Jeff Aitchison, President of AMI. “We will
also be able to leverage our core competency in technology
development to strengthen AFGlobal’s overall market offering, while
growing our controls and data management capabilities."
Currently based in Calgary, Alberta, AMI provides products and
services to a broad customer base ranging from contractors and
operators to service companies. Their controls and data management
portfolio most notably support the pressure pumping segment, with
plans to extend into additional upstream markets. Prior to the
acquisition, AMI was a wholly-owned subsidiary of Key Energy
Services, Inc. (NYSE:KEG).
AFGlobal is an oil and gas OEM specializing in technology,
products, and services. Our fully-integrated manufacturing
capabilities serve clients around the world. We align
well-established precision engineering with industry-leading
innovation. AFGlobal provides strategic technologies to the
upstream market, including advanced drilling systems, pressure
pumping technologies, lifecycle services and subsea production
systems. Headquartered in Houston, Texas, the Company delivers
value through more than 20 facilities worldwide.
www.afglobalcorp.com
CONTACT:
Christine Mathers | Director of Communications | +1.713.393.4361 | cmathers@afglobalcorp.com
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