ir.apollo.com

Apollo Funds Agree to Sell Kelvion to SLB for $4.1 Billion

Apollo Global Management logoApollo Global Management
Sig3.55Sen+4.20Env+1.30Soc+0.70Gov+1.20
SLB (Schlumberger) logoSLB (Schlumberger)
Sig4.60Sen+7.25Env+1.20Soc+0.50Gov+0.20

Backed by Apollo Infrastructure Group and its Hybrid Value franchise, Kelvion has expanded globally and sharpened its focus on data centers, its largest and fastest-growing segment. After Apollo Funds’ January 2026 investment, Kelvion is expected to strengthen SLB’s thermal management offerings as AI drives the infrastructure buildout, with cumulative data-center deliveries projected to exceed 2 GW by year-end. Apollo says it has deployed over $155 billion across related infrastructure investments in five years.

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