SLB to Acquire Kelvion in $4.1B Expansion Into Data-Center Cooling

SLB has agreed to acquire Kelvion for approximately $4.1 billion to expand its Data Center Solutions with a focus on advanced cooling technologies for the fast-growing AI infrastructure market. The acquisition includes $0.7 billion in assumed debt and aims to generate $120 million in annual EBITDA synergies within three years, targeting $4.5 billion to $5 billion revenue by 2028.

This Wire brief sits within Fusion42's coverage of Industrial.