Announced
Completed
Financials
Sources
Tags
Completed
advanced analytics
Majority
Single Bidder
optimization software
Acquisition
Cross Border
Private
Friendly
United Kingdom
Oil Equipment and Services
Synopsis
ChampionX, a global provider of chemistry solutions and highly engineered equipment and technologies, completed the acquisition of Artificial Lift Performance, a provider of advanced analytics solutions for enhancing oil and gas production performance. Financial terms were not disclosed. “ChampionX and ALP have a shared vision for creating a true digital oil field, backed by a technology roadmap rooted in customer needs and opportunities in the market. Our digital offerings are complementary and create differentiated value for our customers today and even more so in the future,” Sandy Williams, ALP Founder.
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