Flotek completed the acquisition of JP3 Measurement for $34.4m.

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.