SLB (NYSE: SLB), a global technology company focused on energy innovation, has agreed to purchase ChampionX (Nasdaq: CHX) in an all-stock transaction.

ChampionX offers chemistry services, artificial lift systems and equipment and technologies that help companies drill for and produce oil and gas safely, efficiently and sustainably. ChampionX’s experience, products and digital technologies provide oil and gas production, transportation, and emissions monitoring throughout the lifecycle of a well.