SLB LIMITED/NV (SLB): M&A transaction — SLB closes ChampionX acquisition; expects $400M annual pretax synergies

SLB LIMITED/NV

ChampionX shareholders received 0.735 SLB shares per share; former shareholders now own ~9% of SLB.
Annual pretax synergies of ~$400M expected within three years through revenue growth and cost savings.
SLB reaffirms $4B shareholder return target for 2025.
Acquisition adds ChampionX's production chemicals, artificial lift, digital, and emissions technologies.
SLB CEO says acquisition aligns with returns-focused, capital-light strategy and expands presence in less-cyclical market.

item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SLB LIMITED/NV completed an acquisition involving ChampionX Corporation (closed 2025-07-16).

Action: acquisition
Counterparty: ChampionX Corporation
Closing: 2025-07-16

Exact text from the filing

On July 16, 2025, under the terms of the Agreement and Plan of Merger (the “Merger Agreement”), dated as of April 2, 2024, by and among Schlumberger Limited, a Curaçao corporation (“SLB”), and its indirect, wholly owned subsidiaries, Sodium Holdco, Inc., a Delaware corporation (“Holdco”), and Sodium Merger Sub, Inc., a Delaware corporation (“Merger Sub” and, together with SLB and Holdco, the “SLB Parties”), and ChampionX Corporation, a Delaware corporation (“ChampionX”), SLB acquired ChampionX in an all-stock transaction.

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15 m&a transactions filed in the last 30 days. Browse all m&a transactions →

SLB LIMITED/NV filing history →

Source: SEC EDGAR

accession 0001193125-25-159859

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