SLB to Acquire Kelvion, Expanding its Role Across Data Center Infrastructure
The deal expands SLB’s data center business and adds cooling technology as the companies target more than $2 billion in combined 2026 revenue.
8 Articles
8 Articles
SLB acquired the thermal management company Kelvion from private equity funds for US$4.1 billion. Exclusive content for subscribers. For full access, follow the link to the article and register.
Apollo Funds Agree to Sell Kelvion, a Global Leader in Cooling Solutions for Data Centers and Diversified Industrials, to SLB for $4.1 billion
NEW YORK and HERNE, Germany, Aug. 31, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that global energy technology company SLB (NYSE: SLB) has entered into definitive agreement to acquire 100% of Kelvion, a leading global developer and manufacturer of thermal management solutions, for approximately $3.4 billion in cash and will assume approximately $0.7 billion of debt. Today, Kelvion is majority owned by Apollo-managed funds; funds…
Financial Post
Business WireSLB to Acquire Kelvion, Expanding its Role Across Data Center Infrastructure
Scalable, energy-efficient and reliable thermal management technologies will optimize operating performance in increasingly complex data centers and industrial systems
SLB agrees to acquire Kelvion for $4.1B to boost data center cooling capabilities
SLB's acquisition of Kelvion highlights a strategic shift towards enhancing AI infrastructure, emphasizing the growing importance of advanced cooling solutions. The post SLB agrees to acquire Kelvion for $4.1B to boost data center cooling capabilities appeared first on Crypto Briefing.
Coverage Details
Bias Distribution
- 60% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
