ChampionX Closes Acquisition of Artificial Lift Company RMSpumptools

ChampionX has closed its acquisition of RMSpumptools Ltd., a designer and manufacturer of mechanical and electrical solutions for complex artificial lift applications, from U.K.-based James Fisher and Sons Plc., ChampionX said on July 9.

The March deal was valued at £86 million (US$110 million).

RMSpumptools is a leader in electrical penetrator and connector systems, mechanical completion systems and intervention tools, subsea connector systems, and electric submersible pumps monitoring, ChampionX said. RMSpumptools designs, manufactures and delivers its solutions from the U.K., Saudi Arabia and the United Arab Emirates.