M&A Deal Summary

Schlumberger Acquires ChampionX

On April 2, 2024, Schlumberger acquired energy services and equipment company ChampionX

Acquisition Highlights
  • This is Schlumberger’s 24th transaction in the Energy Services and Equipment sector.
  • This is Schlumberger’s 18th transaction in the United States.
  • This is Schlumberger’s 10th transaction in Texas.

M&A Deal Summary
Date 2024-04-02
Target ChampionX
Sector Energy Services and Equipment
Buyer(s) Schlumberger
Deal Type Add-on Acquisition

Target

ChampionX

The Woodlands, Texas, United States
ChampionX is a provider of engineered equipment and technologies that help companies drill for and produce oil and gas safely and efficiently around the world. The company's products provide efficient functioning throughout the lifecycle of a well - from drilling to completion to production. ChampionX was incorporated in 1882 and is based in The Woodlands, Texas.

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Buyer(S) 1

Buyer

Schlumberger

Houston, Texas, United States
Category Company
Founded 1926
Sector Energy Services and Equipment
Employees111,000
Revenue 33.1B USD (2023)
DESCRIPTION
Schlumberger office in Houston, Texas.
Schlumberger office in Houston, Texas.

Schlumberger is an oilfield services company. Schlumberger offers technology, integrated project management and information solutions to customers working in the oil and gas industry. Schlumberger was formed in 1926 and is based in Houston, Texas.

DEAL STATS #
Overall 48 of 48
Sector (Energy Services and Equipment) 24 of 24
Type (Add-on Acquisition) 38 of 38
State (Texas) 10 of 10
Country (United States) 18 of 18
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-27 Aker Carbon Capture

Lysaker, Norway

Aker Carbon Capture is a carbon capture company with solutions, services, and technologies serving a range of industries with carbon emissions, including the cement, bio and waste-to-energy, gas-to-power, and blue hydrogen segments. Its proprietary, carbon-capture technology offers a unique, environmentally friendly solution for removing CO2 emissions. Aker Carbon Capture is based in Lysaker, Norway.

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