SLB agrees to acquire data center cooling maker Kelvion for $4.1B
SLB (Schlumberger) agreed to acquire Kelvion, a data center cooling and thermal-management systems maker, from Apollo Funds and other investors for approximately $4.1 billion including about $3.4 billion in cash plus roughly $700 million of assumed debt. The deal values Kelvion at 8.5x EBITDA and is expected to close in H1 2027, with SLB projecting $2 billion in data center revenue in 2026 and committing to $4 billion in shareholder returns that year.
Detected & updated continuously · Source: Nebula
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@Stephanie_Link
$SLB: aquires Kelvion for $4.1B as it continues to build out its data center/digital strategy for 8.5x EBITDA including rec revs. X to generate $2B in DC revs/$300m EBITDA pro forma 2026 and $4.5-$5B in DC revs/$800m EBITDA in 2028. Plus commits to $4B in S/H returns 2026.
@PolymarketMoney
BREAKING: SLB is acquiring data center cooling company Kelvion for $4,100,000,000.00 a deal it says will more than double its revenue opportunity per gigawatt of capacity delivered.
@blckchaindaily
🚨 SCHLUMBERGER $SLB TO ACQUIRE DATA CENTER COOLING SYSTEMS MAKER FOR $3.4B
@blckchaindaily
🚨 APOLLO FUNDS AGREE TO SELL KELVION TO SLB $SLB FOR $3.4B CASH PLUS $0.7B DEBT; DEAL TO CLOSE H1 2027 - PRESS RELEASE
@blckchaindaily
🚨 SCHLUMBERGER $SLB TO ACQUIRE DATA CENTER COOLING MAKER KELVION FOR $4.1B
@MSBIntel
BREAKING: SLB acquires Kelvion data center cooling specialist from Apollo Funds and Triton for $3.4 billion.
@business
SLB said it agreed to acquire Kelvion, a firm that provides data center cooling solutions, from investors including Apollo Funds for $3.4 billion in cash https://t.co/2f5iReAvom
@robertojirusta
SLB to buy Kelvion in $3.4B deal https://t.co/681DZaEIDF baha breaking news