Strategic transaction expected to enhance SLB OneSubsea’s technology and R&D capabilities, complementing and reinforcing its global scale and advanced execution platform
Global energy technology company SLB has announced that its OneSubsea™ joint venture has entered into an agreement to acquire the subsea business of Norway-based Envirex Group AS. As a result of the transaction, Envirex Group AS and their subsea business would become part of SLB OneSubsea.
The proposed acquisition would bring the specialized technologies and R&D strengths of Envirex Group AS into SLB OneSubsea's global technology portfolio. The transaction is expected to accelerate the deployment of new technology solutions, while expanding the range of innovative services available to customers worldwide at a time when demand for efficient, next-generation subsea solutions continues to grow.
'This agreement represents a natural next step in a collaboration that has developed over more than a decade,' said Mads Hjelmeland, chief executive officer of SLB OneSubsea. 'Once completed, the transaction would strengthen our technology portfolio and enhance the value we deliver to our customers.'
The transaction is expected to close in the first half of 2026, subject to regulatory approvals and other customary closing conditions.
Key points
- SLB OneSubsea has entered into an agreement to acquire the subsea business of Envirex Group AS. As a result of the transaction, Envirex Group AS and their subsea business would become part of SLB OneSubsea.
- The proposed transaction is expected to accelerate the deployment of new subsea solutions
- The transaction is expected to close in the first half of 2026, subject to regulatory approvals and other customary closing conditions
Source: SLB
