Wire · technology
SLB expands data center business with $3.4 billion deal for Kelvion
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Fusion42 · 31 August 2026 · Fusion42 review
SLB will acquire cooling equipment maker Kelvion for $3.4 billion in cash to expand its data center business, driven by growing AI demand for power and cooling solutions. The deal includes assuming $700 million of Kelvion's debt and aims to strengthen SLB's thermal management technologies for data centers.
This Wire brief sits within Fusion42's coverage of Deep Tech: Telecom & Connectivity.
◆ ◆ The Wire takeaway
SLB's purchase of Kelvion shifts the cooling supply chain for data centers. If you build thermal or power infrastructure for hyperscale AI clients, this deal opens a new buyer with deep pockets to target now.
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1 source · 31 Aug 2026
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