ChampionX announced the acquisition of Scientific Aviation Inc. on July 5, making progress toward the goal of meaningfully reducing global methane emissions.
Scientific Aviation is an airborne research company that specializes in emissions detection and quantification of greenhouse gases and trace gas measurements for air quality. ChampionX, which is a merger of Apergy and Ecolab’s upstream energy business, has established a strong presence in four key areas—chemicals, artificial lift, diamond drilling technologies and digital solutions—and is highly levered to increasing global production and international growth.
By combining technologies of both the companies with ChampionX’s extensive network of field technicians, the deal is expected to support upstream and midstream operators by strengthening their environmental management practices and reducing global methane emissions.
“Scientific Aviation is a strategic fit with ChampionX for many reasons,” Soma Somasundaram, President and CEO of Champion X, told Hart Energy. “Importantly, we will grow faster together. ChampionX has a leading production wellsite presence that will help Scientific Aviation scale up much faster, especially with our existing oil and gas customers. We will provide significant market access and channel through our Production & Automation Technologies and Chemical Technologies field organizations.”
In an official press release, Somasundaram also noted that the acquisition further demonstrates the company’s commitment to the strategic priority of evolving its portfolio for sustained growth as the energy industry evolves.
“This acquisition follows our investment in QLM Technology Ltd. and is consistent with our growth pathway of building out our emissions management portfolio that helps our customers achieve their emissions reduction goals. We are excited about the future growth potential as we combine Scientific Aviation’s industry leading methane emissions detection and monitoring solutions with our extensive expertise and presence in upstream production well sites and midstream solutions,” he said.
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