-+ 0.00%
-+ 0.00%
-+ 0.00%

SLB agrees to buy Kelvion for $3.4 billion, assumes $0.7 billion debt

PUBT·08/31/2026 10:52:26
Listen to the news
SLB agrees to buy Kelvion for $3.4 billion, assumes $0.7 billion debt
  • SLB agreed to buy thermal management group Kelvion from Apollo-managed funds and Triton for about USD 3.4 billion cash.
  • Deal includes assumption of about USD 700 million of debt; total value about 11x estimated 2026 EBITDA before synergies.
  • Annual EBITDA synergies targeted at about USD 120 million within three years; closing expected in the first half of 2027.
  • Kelvion forecast 2026 revenue of about USD 2.3-2.4 billion; adjusted EBITDA about USD 350-400 million.
  • Combined data center revenue seen above USD 2 billion in 2026; SLB targets USD 4.5-5 billion revenue by 2028.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Schlumberger Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260830670886) on August 31, 2026, and is solely responsible for the information contained therein.