ChampionX Corporation, a leading entity in oilfield technology, has successfully acquired RMSpumptools Limited, a designer and manufacturer specializing in mechanical and electrical solutions for artificial lift applications. This strategic acquisition, announced by President and CEO Sivasankaran ‘Soma’ Somasundaram, significantly boosts ChampionX’s Production & Automation Technologies (PAT) portfolio and extends its geographical footprint into key markets like the Middle East, Latin America, and global offshore projects. RMSpumptools will function as a standalone business unit, maintaining its established reputation for high customer service standards. RMSpumptools is notable for its expertise in electrical penetrator and connector systems, mechanical completion systems, and ESP monitoring systems, providing innovative solutions from its bases in the UK, Saudi Arabia, and the UAE. The acquisition aligns with ChampionX’s mission to deliver high-efficiency and sustainable oil and gas production solutions.

Oil and Gas, Technology,United States, United Kingdom, Middle East, Latin America

https://www.globenewswire.com/news-release/2024/07/09/2910730/0/en/ChampionX-Acquires-RMSpumptools-Expanding-Global-Presence-in-Offshore-Production-Technologies-Markets.html