SLB OneSubsea Completes Acquisition of Envirex Group AS

12 May 2026
Edited By: Lauren Ernst

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

(Image credit: SLB)

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.”

Key Points

SLB OneSubsea has completed the acquisition of the subsea business of Norway-based Envirex Group AS, strengthening its ability to deploy advanced subsea technologies at scale.
This transaction will accelerate the deployment of next-generation subsea technologies, particularly umbilical-less and wireless solutions.
Customers will benefit from a broader and more advanced portfolio, supported by improved global delivery consistency and lifecycle support.