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Lufkin Industries Announces Sale of North America Downhole business to Q2 Artificial Lift ServicesHOUSTON, March 19, 2025 (GLOBE NEWSWIRE) -- Lufkin Industries (“Lufkin”), a global leader in surface production equipment and automation solutions, has announced the sale of its North America Downhole (“NAM Downhole”) business to Q2 Artificial Lift Services (“Q2”), a leading provider of downhole reciprocating pumps. This transaction aligns with Lufkin’s strategic focus on its core surface business and Q2’s focus on subsurface business, positioning both companies for long-term growth and profitability. Terms of the transaction were not disclosed.
