SLB to Acquire Kelvion, Expanding its Role Across Data Center Infrastructure
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HOUSTON, August 31, 2026 - SLB (NYSE: SLB) today announced it has signed an agreement to acquire Kelvion, a global provider of thermal management and heat exchange technologies. The acquisition strengthens SLB's Data Center Solutions business with critical thermal management technologies and expands the company's role in data center infrastructure, which is one of the world's fastest-growing industrial and technology markets. "AI is driving the most significant infrastructure investment cycle in our lifetime," said Olivier Le Peuch, chief executive officer of SLB. "This transaction accelerates our ambition to become an industrial technology partner to the data center industry and help customers address the growing infrastructure complexity required to scale AI. Kelvion advances our path toward more integrated data center infrastructure solutions, expands our addressable market - more than doubling our revenue opportunity per gigawatt of delivered capacity - and allows us to scale both our offerings and the global reach of the business." Founded more than 100 years ago, Kelvion provides thermal management and heat exchange technologies serving data center, energy and industrial markets. Its portfolio spans a broad range of cooling and heat-transfer applications, positioning the company at the intersection of two powerful long-term growth trends: AI infrastructure and energy...
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