# 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.

- Type: Acquisition
- Announced: 2026-08-31
- Where: Herne, Germany
- Value: $4.10B
- Status: announced
- Products: thermal management solutions, cooling solutions, heat exchange technologies
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [SLB](https://endata.com/companies/1561.md) (acquirer)
- [Apollo Global Management](https://endata.com/companies/3851.md) (partner)
- [Kelvion](https://endata.com/companies/4941.md) (target)

## Sources

- [ir.apollo.com](https://ir.apollo.com/news-events/press-releases/detail/645/apollo-funds-agree-to-sell-kelvion-a-global-leader-in), 2026-08-31: "AI is driving the most significant infrastructure investment cycle in our lifetime."
- [investorcenter.slb.com](https://investorcenter.slb.com/news-releases/news-release-details/slb-acquire-kelvion-expanding-its-role-across-data-center/), 2026-08-31: "AI is driving the most significant infrastructure investment cycle in our lifetime."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.