# SLB agrees all-stock deal to acquire ChampionX

SLB and ChampionX announced a definitive agreement for SLB to buy ChampionX in an all-stock transaction, with ChampionX shareholders receiving 0.735 SLB shares per share. The deal is expected to yield about $400 million in annual pre-tax synergies within three years.

- Type: Acquisition
- Announced: 2024-04-02
- Where: United States
- Status: announced
- Products: production chemicals, artificial lift technologies
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [OneSubsea](https://endata.com/companies/772.md) (acquirer)
- [ChampionX](https://endata.com/companies/11691.md) (target)

## Sources

- [nasdaq.com](https://www.nasdaq.com/press-release/slb-announces-agreement-to-acquire-championx-in-an-all-stock-transaction-2024-04-02-0), 2024-04-02: "SLB (NYSE: SLB) and ChampionX Corporation (NASDAQ: CHX) today announced a definitive agreement for SLB to purchase ChampionX in an all-stock transaction."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.