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Announced

Completed

Schlumberger led a $100m Series A funding round in EnerVenue.

Financials

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Transaction Value£75m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Minority

Acquisition

Friendly

Venture Capital

Completed

Oil Equipment and Services

Private Equity

Single Bidder

United States

clean energy

Private

Synopsis

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Schlumberger New Energy, a global provider of technology, led a $100m Series A funding round in EnerVenue. Addition investors include Saudi Aramco Energy. “At Schlumberger, we’re eager to leverage our technology expertise and global footprint in introducing EnerVenue’s technology to this important emerging market. We are excited about the potential this technology holds for the energy transition,” Ashok Belani, Schlumberger New Energy Executive Vice President.

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