ChampionX to Acquire RMSpumptools (James Fisher Subsea Connector Business) for About $110 Million

ChampionX plans to acquire RMSpumptools Limited, a business unit within James Fisher and Sons plc’s energy division, for a net purchase price of approximately £86 million (about $110 million). The acquisition is intended to integrate RMSpumptools’ engineered mechanical and electrical connector technologies into ChampionX’s Production and Automation Technologies portfolio and expand its presence in international oilfield markets.