AFGlobal Acquires Advanced Measurement Inc.

7/6/17

HOUSTON, July 06, 2017 (GLOBE NEWSWIRE) -- 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

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