- SLB will pay $3.4 billion in cash and assume about $700 million of Kelvion debt.
- The acquisition expands SLB’s data-center business as AI-driven demand increases for power and cooling infrastructure.
- Apollo Global Management is Kelvion’s majority owner and is among the sellers in the transaction.
Quotes
“expanding its data center business amid an AI-driven boom in power and cooling infrastructure demand.”