SLB to Acquire Kelvion Valued at 11 Times EBITDA
SLB rose about 3.4% after agreeing to buy thermal-management specialist Kelvion for cash in a $3.4 billion deal and assume roughly $700 million of debt. The purchase values Kelvion at about 11 times estimated 2026 EBITDA (8.5 times after synergies). SLB expects $120 million of annual EBITDA benefits within three years and targets $2 billion revenue and ~$300 million adjusted EBITDA from the data-center business in 2026.