AXON Energy Products has closed on an agreement to acquire the RFID technology and assets of Merrick Systems, through its subsidiary, AXON Tubular Products.
Currently, AXON engineers, manufactures, and provides thread connections for drilling tubulars, as well as, RFID tag products, asset management services and software for the oil and gas drilling sector.
AXON’s RFID technology enables companies to manage and optimize oilfield assets and equipment used in onshore, offshore, surface, and drilling oilfield operations. Components and assets can be managed throughout their life cycle – from raw material, through manufacturing, distribution, deployment, maintenance, inspection, certification, and redeployment.
This complete visibility into the asset history and usage helps increase operational efficiency, leads to significant cost and time savings, and reduces health, safety and environmental risks.
AXON’s new RFID team will be led by Daniel Pacheco, President of AXON Tubular Products and Ian Binmore, Vice President of RFID Products.