- ChampionX (NASDAQ:CHX) said it plans to acquire RMSpumptools, a business unit of the energy division of UK-based James Fisher and Sons for a net purchase price of ~$110 million.
- The unit designs and manufactures engineered mechanical and electrical solutions for artificial lift applications.
- The deal will be funded by cash on hand, and is expected to close towards the end of Q2 or the beginning of Q3.