ChampionX Acquires Foraco International SA
| Field | Detail |
|---|---|
| Company | Championx Corp |
| Form Type | 8-K |
| Filed Date | Jul 16, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, merger, shares
TL;DR
ChampionX just bought Foraco International SA for 10M shares, expanding its global reach.
AI Summary
ChampionX Corp. announced on July 16, 2025, the completion of its acquisition of Foraco International SA. The transaction involved the issuance of 10,000,000 shares of ChampionX common stock to Foraco shareholders. This acquisition is expected to significantly expand ChampionX's global footprint and service capabilities in the drilling services sector.
Why It Matters
This acquisition marks a significant strategic move for ChampionX, aiming to enhance its market position and service offerings in the global oilfield services industry.
Risk Assessment
Risk Level: medium — The acquisition involves a significant share issuance and integration of a new entity, which carries inherent business and financial risks.
Key Numbers
- 10,000,000 — Shares Issued (Number of ChampionX common shares issued to Foraco shareholders as part of the acquisition.)
Key Players & Entities
- ChampionX Corp. (company) — Acquiring company
- Foraco International SA (company) — Acquired company
- 10,000,000 shares (dollar_amount) — Consideration for acquisition
FAQ
What is the primary purpose of this 8-K filing?
This 8-K filing announces the completion of ChampionX Corp.'s acquisition of Foraco International SA.
When was the acquisition of Foraco International SA completed?
The acquisition was completed on July 16, 2025.
What was the consideration paid for the acquisition of Foraco International SA?
ChampionX Corp. issued 10,000,000 shares of its common stock to Foraco International SA shareholders.
What is ChampionX Corp.'s former name?
ChampionX Corp.'s former name was Apergy Corp., with a date of name change on 20180202, and also formerly Wellsite Corp with a date of name change on 20171116.
What is ChampionX Corp.'s business address?
ChampionX Corp.'s business address is 2445 Technology Forest Blvd, Building 4, Floor 12, The Woodlands, TX 77381.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on July 16, 2025 regarding ChampionX Corp.