ChampionX Expands Decarbonization Portfolio - Announces Acquisition of Tomson Technologies LLC and Group 2 Technologies LLC
ChampionX Corporation (CHX)
Company Research
Source: GlobeNewswire
THE WOODLANDS, Texas, Dec. 08, 2021 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today that it has acquired Tomson Technologies LLC and Group 2 Technologies LLC, leaders in nano technology platforms with proven commercial applications helping energy companies lower the carbon footprint and operating expenses of their oil and gas production operations. “We remain fully committed to helping decarbonize oil and gas operations through impactful technology solutions while also enabling customers to maximize the value of their producing assets,” said Sivasankaran “Soma” Somasundaram, president and CEO of ChampionX. “The acquisition of Tomson Technologies and Group 2 Technologies adds to our suite of technologies that help our customers reduce their carbon footprint and represents another step forward on the path toward our long-term strategic priority of evolving our portfolio for sustained growth as the energy industry evolves.” “We a
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