Energy technology company, SLB's joint venture, OneSubsea, has signed an agreement to initiate the acquisition of Norway-based Envirex Group AS' subsea business.
The transaction makes Envirex's subsea segment part of SLB OneSubsea, with the former's specialised technologies and research and development expertise adding to the latter's global technology portfolio. This timely launch in a ever-dynamic subsea market will advance the deployment of new technology solutions, providing global clients with a diverse range of innovative services to choose from.
"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.
Based in Oslo and Houston, SLB OneSubsea is a joint venture by SLB, Aker Solutions and Subsea7. The joint venture is working to define a new era of subsea services by leveraging technology and innovation for a sustainable offshore industry.
