Geoscience and Petroleum Engineering Software Portfolio Acquired by SLB | Technology M&A Deal

SLB has acquired Geoscience and Petroleum Engineering Software Portfolio, a enterprise software business in the technology sector, for an undisclosed amount. The target portfolio provides geoscience and petroleum engineering software capabilities used for subsurface modeling, reservoir analysis, and field development workflows. SLB acquisitions in enterprise software support digital transformation for energy customers, strengthening SLB’s software and analytics offerings. The strategic acquisition is structured as a divestiture acquisition, with SLB acting as a strategic buyer in technology M&A. Terms and expected closing timing were not disclosed in the announcement.