Announced
Completed
Synopsis
Flotek, a specialty chemistry and data company, completed the acquisition of JP3 Measurement, a data and analytics technology company, for $34.4m. "With the acquisition of JP3, we are able to diversify our revenue stream and better serve our customers amidst accelerating digital transformation in the energy industry. The estimated $1 billion addressable market in the US alone provides significant revenue growth opportunities," John W. Gibson Jr., Flotek Chairman, President and Chief Executive Officer.
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