SLB Acquires ChampionX
April 2, 2024
SLB completed an all‑stock acquisition of ChampionX Corporation, with ChampionX shareholders receiving 0.735 SLB shares per ChampionX share and owning roughly 9% of SLB post-close. The deal integrates ChampionX’s production chemicals, artificial lift and digital/emissions technologies into SLB’s portfolio to expand capabilities in production and reservoir recovery and is expected to deliver about $400 million of annual pretax synergies within three years.
- Buyers
- SLB
- Targets
- ChampionX Corporation
- Sellers
- ChampionX shareholders
- Industry
- Oil & Gas
- Location
- Texas, United States
- Transaction Type
- Buyout
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