ChampionX acquires RMSpumptools Ltd for $110M, expanding its production and automation technologies portfolio.

ChampionX Corp. plans to acquire RMSpumptools Ltd, a UK-based company, for $110M. The acquisition will boost ChampionX's Production and Automation Technologies portfolio, enhancing its international presence, specifically in the Middle East, Latin America, and global offshore developments. RMSpumptools designs and manufactures mechanical and electrical solutions for complex artificial lift applications.