MARINE engineering services firm James Fisher and Sons has completed the sale of Aberdeen company RMSpumptools for £90 million.
Dyce-based RMS designs and manufactures completion systems and components for electrical submersible pump applications in the oil and gas industry.
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It employs about 130 people – including about 40 in Aberdeen – across operations in the UK, Saudi Arabia and the United Arab Emirates.
The business is now owned by US-headquartered oilfield technology company ChampionX.
As of December 31 2023, RMS had total assets of around £26m.
ChampionX, headquartered in Woodlands, Texas, employs more than 7,300 people across operations in 60-plus countries.
Its UK locations already include a base in Aberdeen, on Peterseat Drive in Altens.
Sivasankaran Somasundaram, president and chief executive, ChampionX, commented: “By adding RMSpumptools technology to our PAT portfolio, ChampionX advances its ability to deliver greater value to customers while creating growth opportunities in international markets such as the Middle East, Latin America, and global offshore projects.”