Live Feeds
● TRACKER Updated 14d ago · 7 sources tracked

SLB expands data center business with $4.1 billion deal for Kelvion

SLB is acquiring Kelvion to expand its presence in data center infrastructure. The deal is valued at either $4.1 billion or $3.4 billion, with Apollo and Triton agreeing to sell the thermal management technology developer. Kelvion specializes in cooling solutions for diversified industrials and data centers, the latter of which has become its largest and fastest-growing business segment. The acquisition marks a strategic move by the Houston-based company, formerly known as Schlumberger, to integrate into the AI data center supply chain.

🎙️

Listen to Live Briefing

Real-time synthesized voice briefing · Live Feeds Desk

⏱ ~2 min
Speed:
RSS Source map (8)
⚡ Key Developments & Real-Time Context
Text size:
  • ✓ SLB is acquiring Kelvion to expand its role in data center infrastructure.
  • ✓ SLB was formerly known as Schlumberger.
  • ✓ Kelvion develops thermal management technology for data centers and diversified industrials.
  • ✓ Data centers are Kelvion's largest and fastest-growing segment.
🛡️ Source Corroboration: 7 independent reporting domains (80% confidence) ⏱ Read time: ~2 min

What changed

SLB reached an agreement with Apollo and Triton to purchase Kelvion.

Live updates

  1. SLB acquires data center cooling firm Kelvion

    SLB is acquiring Kelvion to expand its presence in data center infrastructure. The deal is valued at either $4.1 billion or $3.4 billion, with Apollo and Triton agreeing to sell the thermal management technology developer. Kelvion specializes in cooling solutions for diversified industrials and data centers, the latter of which has become its largest and fastest-growing business segment. The acquisition marks a strategic move by the Houston-based company, formerly known as Schlumberger, to integrate into the AI data center supply chain.

    Why it matters

    Data centers require intensive thermal management to handle AI workloads. By acquiring Kelvion, SLB diversifies its business beyond traditional oilfield services into critical digital infrastructure.

    What is confirmed

    • SLB is acquiring Kelvion to expand its role in data center infrastructure.
    • SLB was formerly known as Schlumberger.
    • Kelvion develops thermal management technology for data centers and diversified industrials.
    • Data centers are Kelvion's largest and fastest-growing segment.

    Still unconfirmed

    • The acquisition price is $4.1 billion.
    • The acquisition price is $3.4 billion.
    • Apollo and Triton are the sellers of Kelvion.

    What to watch next

    • Confirmation of the final purchase price
    • Regulatory approval of the acquisition
    Sources used for this update (7)
    1. Reuters — SLB expands data center business with $4.1 billion deal for Kelvion
    2. WSJ — SLB to Buy Data Center Cooling Firm Kelvion for $4.1 Billion
    3. SLB — SLB to Acquire Kelvion, Expanding its Role Across Data Center Infrastructure
    4. Bloomberg.com — SLB to Buy Data Center Cooling Firm Kelvion for $3.4 Billion
    5. Houston Chronicle — Houston’s SLB, formerly Schlumberger, makes $3.4B data center bet with Kelvion
    6. Investor's Business Daily — A Cool AI Data Center Deal Sends Oil Stock Past A New Buy Point
    7. www.pehub.com — Apollo, Triton agree to sell Kelvion to SLB for $4.1bn
    confidence 80%
📊

Community Sentiment: How do you assess this situation?

Voice your perspective · Real-time aggregated sentiment from the Live Feeds community