SLB to acquire ChampionX for $8bn.

SLB, a global technology company that drives energy innovation, agreed to acquire ChampionX, a pumps and pumping equipment company, for $8bn. "Our customers are seeking to maximize their assets while improving efficiency in the production and reservoir recovery phase of their operations. This presents a significant opportunity for service providers who can partner with customers throughout the entire production lifecycle, offering integrated solutions and delivering differentiated value. The combination of ChampionX’s strong production-focused leadership throughout North America and beyond with our own international presence, unmatched technology portfolio, and history of innovation will drive tremendous value for our customers and stakeholders," Olivier Le Peuch, SLB CEO.