AXI International, a Florida-based manufacturer of diesel fuel optimization and maintenance systems, has been acquired by AXI International Holdings.
The new executive management team includes Islam Nahdi as president, Wessel van Tonder as CEO, and Bill O’Connell as executive vice president. AXI founder, Wout Lisseveld will continue as a consultant to the company, focusing on international business development.
As a result of the acquisition, the company says, AXI International will be able to greatly expand its world-wide markets and distribution channels — with a particular focus on central Africa where poor fuel quality has challenged progress and economic development. Beyond central Africa, AXI International Holdings will expand its present fuel distribution network, while developing and enhancing new markets in Southeast Asia, the Middle East, India, Australia, and Europe.
“I see a very bright future for AXI International with a great opportunity at hand for growth. Our mission is to bring optimal quality fuel to every corner of the globe,” said Wessel van Tonder, AXI’s CEO, in a company news release.
Beginning with the development of the patented ALGAE-X Inline Fuel Conditioner in 1995, AXI has grown to incorporate fuel conditioning technology in advanced fuel filtration, conditioning and optimization systems. In 2012, AXI doubled the size of its Fort Myers, Fla., headquarters, the company says, to meet the demand of increased sales.