SLB - Schlumberger Expands Carbon Capture Reach Through Aker ACC Deal: Details | Benzinga
Schlumberger N.V. (NYSE:SLB) said it has entered into a deal with Aker Carbon Capture (ACC) to merge its carbon capture division, aiming to advance large-scale industrial decarbonization.
Following the transaction, Schlumberger will own 80% of the combined business, and ACC will own 20%. Schlumberger will pay NOK 4.12 billion ($380.86 million) to acquire a majority stake at ACC.
Schlumberger said in a press release that it may also make additional payments of up to NOK 1.36 billion over the next three years based on the performance of the business.
The combination will leverage ACC’s commercial carbon capture product offering and SLB’s new ...