James Fisher & Sons PLC has successfully completed the sale of RMSpumptools Limited to ChampionX UK Limited, a wholly-owned subsidiary of ChampionX Corporation. The sale was finalized after meeting all necessary conditions, including obtaining merger control clearance from the Saudi Arabia General Authority for Competition. The company's CEO, Jean Vernet, expressed satisfaction with the completion of the sale, emphasizing its significance in strengthening the company's balance sheet and enabling continued business turnaround and investment in core portfolio and innovative technologies for future growth.
The Continuing Group's trading remains in line with expectations, and the outlook for 2024 remains unchanged. Jean Vernet thanked the RMS team for their contributions over the past 20 years and extended best wishes for their future with ChampionX. The completion of this sale marks a pivotal moment for James Fisher, providing a significant boost to its financial position and paving the way for continued strategic investments and growth opportunities.
For further information, James Fisher and Sons plc can be contacted at +44 20 7614 9503, and FTI Consulting, the PR Adviser, can be reached at +44 20 3727 1340.