Global energy technology company announced that its OneSubsea joint venture has completed the acquisition of the subsea business of Norway-based Envirex Group (Envirex).

The transaction expands SLB OneSubsea’s access to Envirex’s specialised 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 specialised technologies we are well positioned to deliver greater reliability, flexibility and value to our customers.” -OGN/ TradeArabia News Service