SLB expands data center business with $3.4 billion deal for Kelvion

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 AI Infrastructure and Data Infrastructure, and 2 sources have reported it.