Apergy Corp. 于 6 月 3 日完成了与 Ecolab Inc. 上游业务价值数十亿美元的合并，从而成立了 ChampionX Corp.。

ChampionX 总裁兼首席执行官 Sivasankaran Somasundaram 在一份声明中表示：“今天，我们很自豪地推出 ChampionX，这家公司将成为石油和天然气行业的重要参与者和长期赢家。” 6 月 3 日。“合并后的公司将成为一家强大而有弹性的组织，拥有广泛的地理足迹、高质量的客户群和可观的经常性收入。” 

此次合并将 Apergy 与 Ecolab 的 Nalco Champion 业务合并，并更名为 ChampionX Holding。合并后的产品线包括人工举升、生产化学品和数字技术。

根据此次交易，Apergy 更名为 ChampionX Corp。其股票于 6 月 4 日开始在纽约证券交易所上市交易，代码为“HX”。

Apergy 和 Ecolab 在去年 12 月的联合新闻稿中宣布了这项交易，其中包括承担的债务，价值 44 亿美元。两家公司预计合并后的公司预计将产生约 35 亿美元的收入，年度运行成本协同效应将达到 7500 万美元。

此次交易导致现有 ChampionX Holding 股东在完全稀释的基础上拥有 ChampionX 约 62% 的股份，而合并前的 Apergy 股东在完全稀释的基础上拥有 ChampionX 约 38% 的股份。

Tudor, Pickering, Holt & Co. (TPH) 的分析师在 6 月 4 日的一份研究报告中将此次合并描述为“诱人”，并表示看到艺康股东对该交易的大力超额认购感到鼓舞。

TPH 分析师在报告中写道：“我们仍然相信，CHX 的盈利流将在整个周期内跑赢大多数（所有）其他上市 OFS 公司，并且其自由现金流状况将证明具有弹性。” “我们还看中了围绕钻井技术和 ChampionX 生产化学品业务的行业结构。”

除了交易完成前组成 Apergy 董事会的七名董事外，ChampionX 还于 6 月 3 日任命前巴斯夫公司高管 Heidi Alderman 和 Denham Capital 创始人 Stuart Porter 为董事会成员。

Apergy Corp. completed its multibillion-dollar merger with the upstream business of Ecolab Inc. on June 3, resulting in the launch of ChampionX Corp.

“Today we are proud to launch ChampionX, a company that will be an essential player and long-term winner in the oil and gas industry,” Sivasankaran “Soma” Somasundaram, president and CEO of ChampionX, said in a statement on June 3. “Our combined company will be a strong and resilient organization with a broad geographic footprint, high quality customer base, and significant recurring revenue.” 

The merger combined Apergy with Ecolab’s Nalco Champion business, renamed ChampionX Holding. The combined product lines comprise offerings of artificial lift, production chemicals and digital technology.

In association with the transaction, Apergy changed its name to ChampionX Corp. Its shares began trading on the New York Stock Exchange under the symbol “CHX” on June 4.

Apergy and Ecolab announced the transaction, which including the assumption of debt was valued at $4.4 billion, in a joint release last December. The companies expected the combined company to generate pro forma revenue of about $3.5 billion with annual run-rate cost synergies of $75 million.

The transaction resulted in existing ChampionX Holding equity holders owning approximately 62% of ChampionX on a fully diluted basis, with Apergy equity holders prior to the merger owning approximately 38% of ChampionX on a fully diluted basis.

Analysts with Tudor, Pickering, Holt & Co. (TPH), which described the merger as “alluring” in a June 4 research note, said they were encouraged to see Ecolab shareholders heavily oversubscribe for the deal.

“We continue to believe that CHX’s earnings stream will outperform most (all) other public OFS companies through the cycle and their free cash flow profile will prove resilient,” TPH analysts wrote in the note. “We also fancy the industry structure surrounding drilling technologies and ChampionX’s production chemicals business.”

In addition to the seven directors which formed the board of directors of Apergy prior to the completion of the transaction, ChampionX also appointed on June 3 Heidi Alderman, former BASF Corp. executive, and Denham Capital founder Stuart Porter to its board.