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Schlumberger wins conditional nod in Norway to buy ChampionX

( May 26, 2025, 14:13 GMT | Official Statement) -- MLex Summary: Schlumberger has won approval from Norway's antitrust authority to buy ChampionX under  various conditions to ensure competition in the markets for permanent well monitoring and directional drilling. Under the package, the target will divest its unit US Synthetic. The buyer agreed to enter into long-term supply agreements to ensure access to products and services from ChampionX’s Quartzdyne business or to offer products and services to other customers on non-discriminatory terms. The deal would have otherwise impeded effective competition in the mentioned markets due to input foreclosure of quartz transducers, the office said.  Statement follows. ...

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