SLB (SLB), one of the largest providers of oilfield support services, is expanding its data center services business after acquiring a provider of cooling systems. The stock climbed above a new buy point Monday morning. In a deal valued at $4.1 billion, SLB is acquiring Kelvion from funds managed by investment firm Apollo (APO). Kelvion is a global provider of…
A Cool AI Data Center Deal Sends Oil Stock Past A New Buy Point
SLB, one of the largest providers of oilfield support services, is expanding its data center business after acquiring a cooling systems firm.
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