What is the total enterprise value of SLB's acquisition of Kelvion, and how is it structured?

The total enterprise value of SLB's acquisition of Kelvion is $3.4 billion in cash, with SLB also agreeing to assume $700 million in debt as part of the deal.

Why is SLB acquiring Kelvion, and what strategic business unit will it strengthen?

SLB is acquiring Kelvion to further expand its data center services, specifically to bolster its fast-growing data center solutions business—which designs and supplies modular infrastructure for computing facilities—amid rapid AI-driven data center buildout in the US.

SLB to Acquire Kelvion for $3.4 Billion to Expand Data Center Cooling

Aug 31, 2026

SLB Ltd. agreed to acquire German cooling equipment maker Kelvion for $3.4 billion to expand its data center solutions business driven by AI demand. The deal includes assuming $700 million in debt and is expected to close in H1 2027.

bloomberg

SLB to expand data center business with $3.4 billion deal for Kelvion

reuters

2026-08-31

SLB to Acquire Kelvion for $3.4 Billion to Expand Data Center Cooling

SLB to Acquire Kelvion for $3.4 Billion to Expand Data Center Cooling

FAQ