SLB has acquired ChampionX Corporation to enhance its production and recovery capabilities, integrating advanced technologies and driving sustainable practices in the energy sector.

Target Information

SLB (NYSE: SLB), a leading global technology company, has successfully completed its acquisition of ChampionX Corporation. This strategic transaction allows SLB to enhance its portfolio by integrating ChampionX's innovative solutions in production chemicals, artificial lift, and digital technologies.

As a result of the acquisition, ChampionX shareholders received 0.735 shares of SLB common stock for each share of ChampionX. This merger has enabled former ChampionX investors to own approximately 9% of SLB's total outstanding shares, positioning the company for expanded impact in the production and recovery industry.

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