CHX - ChampionX acquires Artificial Lift Performance Limited to expand digital solutions portfolio | Benzinga
THE WOODLANDS, Texas, Feb. 27, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation ("ChampionX" or the "Company") (NASDAQ:CHX) announced today the acquisition of Artificial Lift Performance Limited ("ALP"), a provider of advanced analytics solutions for enhancing oil and gas production performance. Based in Edinburgh, Scotland, ALP has extensive expertise in developing artificial lift optimization software designed to maximize production and extend the life of artificial lift equipment.
"The acquisition of Artificial Lift Performance is key to our strategic focus on digital growth and our vision to deliver end-to-end digital solutions that enhance the productivity and profitability of our customers' producing assets," said Paul Mahoney, President of ChampionX's Production & Automation Technologies ("PAT") business segment.
Combining the capabilities of ALP's flagship Pump Checker™ software with ChampionX's XSPOC™ production optimization software delivers a comprehensive suite of advanced analytics across all ...