ChampionX completed the acquisition of RMSpumptools from James Fisher and Sons for £90m.

ChampionX, a pumps and pumping equipment company, completed the acquisition of RMSpumptools, a company focused on ESP, artificial lift and subsea connector technologies, from James Fisher and Sons, a provider of specialist services to the marine, oil and gas and other global, high assurance industries, for £90m. "The sale of RMS marks a significant step in simplifying our portfolio to further strengthen our financial position and create a platform for sustained recovery. We believe the transaction represents good value for our shareholders, reflecting RMS's strong performance in recent years. The disposal allows James Fisher to continue its strategy of focusing and simplifying the Group, investing in the core portfolio and innovative new technologies that will deliver future growth," Jean Vernet, James Fisher CEO.