The Competition and Markets Authority (CMA) is investigating the anticipated acquisition by Schlumberger Limited of ChampionX Corporation, with undertakings accepted to address competition concerns.
Key takeaway
CMA investigates Schlumberger's acquisition of ChampionX to address competition concerns.
- Step 1 · The triggerCMA investigates merger to address competition concerns.
- Step 2 · Knock-onIf approved, Schlumberger and ChampionX consolidate market power.
- Step 3 · Knock-onIncreased pricing power could lead to higher service costs for SMEs.
- Step 4 · Reaches youPotential for reduced competition may limit options for SMEs in energy services.
The trigger is reported by the source below. The steps that follow are Branch²’s traced reasoning — how the shock could reach a business like yours, not a prediction.
Source: Competition and Markets Authority
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