SLB to Acquire Kelvion From Apollo-Managed Funds and Triton
August 31, 2026
SLB has signed an agreement to acquire Kelvion, a global thermal management and heat exchange technologies provider, to expand its Data Center Solutions business and strengthen its role in AI data center infrastructure. The deal values Kelvion at approximately $3.4 billion in cash plus the assumption of about $0.7 billion of debt, and is expected to close in the first half of 2027.
- Buyers
- SLB
- Targets
- Kelvion
- Sellers
- Apollo-managed funds, funds advised by Triton
- Industry
- IT Services
- Location
- North Rhine-Westphalia, Germany
- Transaction Type
- Buyout
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