Enerflex Ltd. has entered into a definitive agreement to acquire the international contract compression and processing business, as well as the after-market services business of Axip Energy Services, LP (Axip) for US$430 million in cash, subject to certain purchase price adjustments (Acquisition).

The transaction is consistent with Enerflex's objective of increasing recurring revenue streams and expanding geographic markets while supporting the Company's strategy of being a global supplier of turnkey energy solutions through compression, processing and electric power equipment sales, after-market service and contract operations.

Tags: Enerflex Ltd.