Enerflex Ltd. (TSX: EFX) is buying Axip Energy Services LP's international contract compression and processing business for $430 million in cash.

All of Axip's contract operations and about 170 of the company's employees will be transferred to Enerflex. Enerflex, headquartered in Calgary, Canada, provides products and services for natural gas compression, oil and gas processing, refrigeration systems and power-generation equipment.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.