SLB N : OneSubsea Completes Acquisition of Subsea Business of Envirex Group AS

Published: 2026-05-11 08:34:05 ET SLB

Published on 05/11/2026 at 08:34 am EDT

HOUSTON, May 11, 2026 - Global energy technology company SLB (NYSE: SLB) today announced that its OneSubsea™ joint venture has completed the acquisition of the subsea business of Norway-based Envirex Group AS (Envirex).

The transaction expands SLB OneSubsea's access to Envirex's specialized technologies and supports the continued development and deployment of innovative subsea solutions, including umbilical-less and wireless systems. Customers will benefit from a wider technology portfolio and more consistent global support.

"This acquisition is an important milestone for SLB OneSubsea and expands our ability to meet growing market demand for next-generation subsea solutions," said Mads Hjelmeland, chief executive officer of SLB OneSubsea. "With the addition of Envirex's specialized technologies we are well positioned to deliver greater reliability, flexibility and value to our customers."

SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.

SLB OneSubsea is driving a new subsea era leveraging digital and technology innovation to optimize our customers' oil and gas production, reduce emissions in subsea operations, and unlock the large potential of subsea solutions to shape a sustainable energy future. SLB OneSubsea is a joint venture backed by SLB, Aker Solutions, and Subsea7 headquartered in Oslo and Houston, with 10,000 employees across the world. Find out more at onesubsea.slb.com.

Josh Byerly - SVP of Global Communications Moira Duff - Director of External Communications SLB Tel: +1 (713) 375-3407 Email: [email protected]

James R. McDonald - SVP of Investor Relations & Industry Affairs Joy V. Domingo - Director of Investor Relations SLB Tel: +1 (713) 375-3535 Email: [email protected]

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Schlumberger Ltd. published this content on May 11, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 11, 2026 at 12:33 UTC.