SLB Reaches $3 Billion Deal to Acquire Kelvion
Energy technology provider SLB has entered into an agreement to purchase industrial thermal management firm Kelvion in a $3 billion transaction.
Global technology company SLB has announced an agreement to acquire Kelvion, an established manufacturer of industrial thermal management and heat exchange solutions. The transaction is valued at approximately $3 billion.
The strategic acquisition, unveiled on Monday, is set to strengthen SLB's footprint across key industrial infrastructure sectors. In particular, the integration of Kelvion's business will significantly broaden SLB's operational capabilities and role within the rapidly developing data center space.
The move highlights a continued focus on addressing cooling and energy management demands across broader technology and heavy infrastructure markets. Kelvion brings established engineering and manufacturing operations focused on heat transfer equipment used across diverse industrial sectors.
The completion of the $3 billion purchase remains subject to customary regulatory clearances and typical closing conditions for cross-border industrial equipment transactions.
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