finance.yahoo.com

SLB to Buy Kelvion for $4.3B to Expand AI Data-Center Cooling

SLB (Schlumberger) logoSLB (Schlumberger)
Sig3.40Sen+5.60Env-0.80Soc+0.40Gov+0.60

The world’s largest oilfield services firm is buying Kelvion for about $4.3 billion to expand its data-center equipment offerings for power and cooling. SLB expects the deal to more than double its revenue opportunity per gigawatt and deliver roughly $120 million of EBITDA synergies within three years, while projecting over $2 billion in data-center revenue on a pro forma basis.

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