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Merger Update: Schlumberger / ChampionX

RNS Announcement

RNS Number : 9955Q

Competition and Markets Authority

15 July 2025

Acceptance of Undertakings in lieu: Schlumberger/ChampionX

The CMA has today accepted undertakings in lieu of reference to an in-depth, phase 2 investigation given by Schlumberger Limited (SLB) and ChampionX Corporation (ChampionX) under section 73 of the Enterprise Act 2002. The anticipated acquisition by SLB of ChampionX will therefore not be referred to an in-depth, phase 2 investigation and the undertakings which have been signed by SLB and ChampionX will come into effect from this date.

The text of this decision will be placed on the dedicated case page on the Competition and Markets Authority's website as soon as is reasonably practical.

In the event of media enquiries please email press@cma.gov.uk.

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RNS metadata

Title: Merger Update: Schlumberger / ChampionX
Time: 14:00:00
Date: 15 Jul 2025
Category: Acquisitions and alliances
ID: 9955Q