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SLB announced the acquisition of Kelvion for $3.4B cash plus $0.7B debt to expand its data center cooling and AI infrastructure portfolio.
This M&A move accelerates SLB’s pivot into thermal management solutions critical for high-density AI rack deployments.
Trade pressSlicast · August 31, 2026 at 15:39 UTC · US · Source: tradingview.com
importance 75Slicast summary
SLB announced the acquisition of Kelvion for $3.4 billion in cash plus $0.7 billion in assumed debt to expand its data center cooling and AI infrastructure portfolio. This transaction accelerates SLB's strategic pivot into thermal management solutions critical for high-density AI rack deployments.
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