Apollo Funds To Acquire Majority Stake in Kelvion
August 13, 2025
Apollo plans to acquire a majority stake in Kelvion, a global provider of energy-efficient heat exchange and cooling solutions, in a deal valued at about €2 billion. Apollo will purchase the stake from funds advised by Triton, which will retain a minority interest; the transaction is expected to close after regulatory approvals, between Q4 2025 and Q1 2026.
- Buyers
- Apollo Funds, Triton (retaining minority interest)
- Targets
- Kelvion
- Sellers
- Funds advised by Triton
- Industry
- Industrial Services
- Location
- Germany
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.