PXJ - ChampionX Acquires RMSpumptools Strengthening Global Presence In Artificial Lift Solutions | Benzinga
On Friday, ChampionX Corporation (NASDAQ:CHX) said it plans to acquire RMSpumptools Limited, a business unit of the energy division of U.K.-based James Fisher and Sons.
The unit designs and manufactures highly engineered mechanical and electrical solutions for complex artificial lift applications.
As per the agreement terms, the net purchase price totals around £86 million, inclusive of net working capital adjustments, equivalent to approximately $110 million at the current exchange rate, the company said in a press release.
The company expects RMSpumptools to generate around $65 ...