SLB outlines Kelvion acquisition, highlighting data center cooling expansion and $120 million EBITDA synergies target

Reuters2026/08/31 15:13

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SLB outlined plans to acquire Kelvion, a global provider of thermal-management and heat-exchange technologies.
Deal targets expansion of SLB’s Data Center Solutions offering as AI drives higher rack heat loads and tighter cooling constraints.
Management highlighted expected annual EBITDA synergies of $120 million by year three.
Presentation materials cited an implied valuation multiple of 8.5x after synergies.

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 on August 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SLB outlines Kelvion acquisition, highlighting data center cooling expansion and $120 million EBITDA synergies target

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