SLB agrees $3.4 billion cash deal for data-center cooling provider Kelvion

Published Monday, August 31, 2026 · 8:06 AM EDT

SLB said it agreed to acquire Kelvion, a provider of data-center cooling solutions, from investors including Apollo Funds for $3.4 billion in cash. The announcement identifies a transaction agreement, but the supplied summary gives neither a closing timetable nor other deal terms.

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Bloomberg Technology

Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.

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