Published by Global Banking & Finance Review®
Posted on July 15, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleSLB's $8 billion acquisition of ChampionX has received UK antitrust approval, with the deal set to close soon, enhancing SLB's oilfield services.
(Reuters) -Britain's antitrust watchdog has cleared oilfield services firm SLB's $8 billion acquisition of ChampionX after accepting commitments to address competition concerns, with the deal set to close on Wednesday.
The UK's Competition and Markets Authority accepted commitments from SLB and ChampionX instead of launching a more detailed Phase 2 investigation, it said on Tuesday.
The world's largest oilfield services provider in April 2024 agreed to an all-stock deal for ChampionX to strengthen its production systems unit and expand its presence in chemicals and automation used in oil extraction.
(Reporting by Arunima Kumar and Raechel Thankam Job in Bengaluru; Editing by Shinjini Ganguli and Sriraj Kalluvila)
The UK's Competition and Markets Authority cleared SLB's acquisition of ChampionX after accepting commitments to address competition concerns.
SLB's acquisition of ChampionX is valued at $8 billion.
The Competition and Markets Authority accepted commitments from SLB and ChampionX instead of launching a more detailed Phase 2 investigation.
SLB agreed to the all-stock deal for ChampionX in April 2024.
The acquisition aims to strengthen SLB's production systems unit and expand its presence in chemicals and automation.
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