SLB Limited (NYSE:SLB) shares are trading higher on Monday as investors react to its expanding role beyond traditional oilfield services and into data-center infrastructure.
The move reads as stock-specific optimism around the company’s "new energy" and industrial-adjacent growth narrative rather than a broad risk-on tape.
Acquire Kelvion For Data Center Cooling Expansion
SLB agreed to acquire Kelvion for approximately $3.4 billion in cash and assume about $0.7 billion in debt.
This will strengthen its Data Center Solutions business and expand its presence in the rapidly growing data center infrastructure market.
