Announced

Completed

SLB completed the acquisition of Stimline Digital.

Synopsis

SLB, an oil services company, completed the acquisition of Stimline Digital, a cloud-based software company. Financial terms were not disclosed. “Through this acquisition, we aim to scale adoption of the IDEX platform as an agnostic ecosystem to help the industry standardize cumbersome planning and execution processes. We will also integrate it with our technology stack and domain expertise to provide our customers with well intervention performance assurance,“ Frederik Majkut, SLB president, Reservoir Performance.

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