SLB to Acquire Kelvion, Expanding its Role Across Data Center Infrastructure

▤ Summary

SLB agreed to acquire Kelvion for about $3.4 billion in cash plus assumed debt. The deal expands SLB's data center infrastructure business with thermal management and heat exchange technologies. SLB says the acquisition will help customers improve efficiency, reliability, and performance in increasingly complex AI-driven data centers. The company expects the transaction to close in the first half of 2027, subject to regulatory approvals, and to generate significant synergies over the following three years.

▦ Linked Companies