ChampionX (CHX) to Buy RMSpumptools & Lift Oilfield Technologies [Yahoo! Finance]
ChampionX Corporation (CHX)
Company Research
Source: Yahoo! Finance
This $110 million deal underscores CHX's commitment to enhancing its offerings and strengthening its presence in key international markets. The transaction is expected to close by the end of the second quarter or early in the third quarter of 2024, subject to regulatory approvals and JFS shareholder assent. RMSpumptools, a business unit of UK-based James Fisher and Sons plc (“JFS”), brings to the table more than 40 years of expertise in designing and manufacturing advanced mechanical and electrical solutions for complex artificial lift applications. With a strong foothold in regions like the Middle East and Latin America and global offshore developments, RMSpumptools is poised to generate around $65 million in revenues and $18 million in adjusted EBITDA in 2024. The acquisition aligns seamlessly with CHX's capital allocation strategy, focusing on strategic technology acquisitions. RMSpumptools' portfolio, renowned for its wellhead electrical penetrator and mechanical connector sy
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CHX
News
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- ChampionX (CHX) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- ChampionX Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- ChampionX Reports First Quarter 2024 ResultsGlobeNewswire
- Schlumberger Limited (NYSE:SLB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
CHX
Earnings
- 4/24/24 - Beat
CHX
Sec Filings
- 4/25/24 - Form IRANNOTICE
- 4/25/24 - Form 10-Q
- 4/24/24 - Form 8-K
- CHX's page on the SEC website