Enerflex Systems Income Fund

Enerflex Systems Income Fund

December 04, 2007 16:01 ET

Enerflex and Kentech Mutually Agree to Terminate Acquisition of Kentech Group

CALGARY, ALBERTA--(Marketwire - Dec. 4, 2007) - Enerflex Systems Income Fund ("Enerflex") (TSX:EFX.UN), and the shareholders of Kentech Group Limited, today announced that they have mutually agreed to terminate the acquisition of a 60% interest in Kentech Group Holdings Ltd. and its subsidiaries.

During the final stages of the process, the parties could not come to agreement on a number of items which will prevent the acquisition from being finalized.

Enerflex is still committed to expanding its international operations and will continue to pursue business opportunities that prove to be compatible with our strategy of international growth.

Enerflex is a leading Canadian supplier of products and services to the global oil and gas production industry. Our core expertise lies between the wellhead and the pipeline. Enerflex provides natural gas compression, power generation and process equipment for sale, rent or lease, hydrocarbon production and processing facilities, electrical, instrumentation and controls services and a comprehensive package of field maintenance and contracting capabilities. Through our ability to provide these products and services in an integrated manner, or as stand-alone offerings, Enerflex offers its customers a unique value proposition.

Headquartered in Calgary, Canada, Enerflex has approximately 2,600 employees. Enerflex, its subsidiaries, interests in affiliates and joint-ventures operate in Canada, Australia, the Netherlands, the United States, Germany, Pakistan, Egypt, Indonesia and Malaysia. Enerflex's trust units trade on the Toronto Stock Exchange under the symbol "EFX.UN".

Contact Information

  • Enerflex Systems Income Fund
    D. James Harbilas
    Vice-President & Chief Financial Officer
    (403) 236-6857
    (403) 720-4385 (FAX)
    Enerflex Systems Income Fund
    Berk Sumen
    Manager, Investor Relations & Communications
    (403) 720-4308
    (403) 720-4385 (FAX)