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SLB acquires Kelvion for $3.4B in cash to become a data center cooling powerhouse
SLB is paying $3.4 billion in cash for German thermal management firm Kelvion, targeting $4.5-$5 billion in combined data center revenue by 2028.
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economictimes.indiatimes.com
SLB to expand data center business with $3.4 billion deal for Kelvion - The Economic Times
The oilfield services company will also assume about $700 million of Kelvion's debt under the deal, which is expected to close in the first half of 2027.
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cryptobriefing.com
SLB agrees to acquire Kelvion for $4.1B to boost data center cooling capabilities
SLB is acquiring thermal management specialist Kelvion for $4.1 billion, targeting over $2 billion in combined data center revenue as AI cooling
