ChampionX buys RMSpumptools, terms undisclosed

ChampionX announced it has completed the acquisition of RMSpumptools Limited, a designer and manufacturer of highly engineered mechanical and electrical solutions for complex artificial lift applications. “By adding RMSpumptools technology to our Production & Automation Technologies portfolio, ChampionX advances its ability to deliver greater value to customers while creating growth opportunities in international markets such as the Middle East, Latin America, and global offshore projects,” said Sivasankaran “Soma” Somasundaram, President and CEO of ChampionX. “RMSpumptools’ comprehensive range of products and services complement and integrate seamlessly with the PAT business segment and our strong presence in North America provides opportunities to grow RMSpumptools’ footprint in this important market. ChampionX intends to operate RMSpumptools as a standalone business unit within the PAT business segment and is committed to continuing the high level of customer service that all of RMSpumptools’ customers have come to expect.”…”Recognized for our ESP completion and subsea connector technologies, RMSpumptools’ mission to deliver innovative solutions to those in our industry remains at the forefront,” said Doug Harwell, Managing Director of RMSpumptools. “As we align with ChampionX, we look forward to developing a strategy that is driven by customer needs and market expansions.”