India, Aug. 31 -- SLB N.V. (SLB), an energy technology company, on Monday said it has agreed to acquire Kelvion, a provider of thermal management and heat exchange solutions, from Apollo-managed funds and funds advised by Triton for approximately $3.4 billion in cash and the assumption of about $700 million of debt.
SLB said the acquisition will strengthen its Data Center Solutions business by adding Kelvion's thermal management and heat exchange technologies, expanding its presence in the rapidly growing data center infrastructure market. The transaction is expected to close in the first half of 2027.
The deal values Kelvion at about 11 times its estimated 2026 earnings before interest, taxes, depreciation and amortization (EBITDA) befor...