Cortec-backed Rotating Machinery Services to acquire Axis Technical Services.

Cortec-backed Rotating Machinery Services, a provider of aftermarket engineering and services, agreed to acquire Axis Technical Services, a provider of technical field advisors intended for refining and power generation industries. Financial terms were not disclosed. "ATS has earned a reputation for providing outstanding customer service in the marketplace. We look forward to welcoming their dedicated and motivated employees into the RMS family. The opportunity to provide a full range of services to our combined customer base as the OEM for AC Compressor products as well as other-manufacturers’ rotating equipment, enables us to satisfy all of their requirements when it comes to turbomachinery," John Bartos, RMS CEO.