SLB to acquire Kelvion from Apollo funds for $4.1 billion

SLB has entered into a definitive agreement to acquire 100% of Kelvion, a global leader in thermal management solutions, for approximately $3.4 billion in cash and will assume approximately $0.7 billion of debt. The acquisition strengthens SLB's data center solutions business.

“AI is driving the most significant infrastructure investment cycle in our lifetime.”ir.apollo.com

• 2 sources
• ir.apollo.comApollo Funds Agree to Sell Kelvion, a Global Leader in Cooling Solutions for Data Centers and Diversified Industrials, to SLB for $4.1 billion :: Apollo Global Management, Inc. (APO)Aug 31, 2026
• investorcenter.slb.comSLB to Acquire Kelvion, Expanding its Role Across Data Center Infrastructure | SLBAug 31, 2026

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