NYSE:SLB

Track all markets on TradingView - Prices are not updated in real time
SLB to Acquire Data Center Cooling Specialist Kelvion for $4.1 Billion

SLB (NYSE: SLB) has agreed to acquire Kelvion from Apollo-managed funds and Triton in a transaction valued at approximately $4.1 billion, significantly expanding its exposure to the rapidly growing AI data center infrastructure market.

Under the agreement, SLB will pay approximately $3.4 billion in cash and assume around $700 million of Kelvion debt. Apollo funds currently own a majority stake in Kelvion, while Triton holds a minority interest.

Kelvion develops advanced thermal management and cooling systems for data centers and industrial customers. Data centers have become the company's largest and fastest-growing segment as rising AI computing requirements drive demand for increasingly sophisticated cooling infrastructure.

The acquisition will complement SLB's existing data center solutions business, which has expanded rapidly over the past three years and expects cumulative deliveries to exceed 2 gigawatts globally by year-end.

SLB said adding Kelvion will more than double its potential revenue opportunity for each gigawatt of data center capacity delivered. The deal therefore represents a significant expansion beyond SLB's traditional energy technology operations and positions the company to capture more spending from the global AI infrastructure buildout.

The transaction is expected to close in the first half of 2027, subject to regulatory approvals and other customary closing conditions.
💬
Author
The Investor 08-31-26
SLB reported first-quarter 2026 revenue of $8.72 billion, up 3% year-over-year, reflecting modest growth in activity.

Despite higher revenue, profitability declined, with net income falling 6% to $752 million and GAAP EPS decreasing 14% to $0.50. Adjusted EBITDA also dropped 12% to $1.77 billion, while cash flow from operations totaled $487 million.

The company approved a quarterly dividend of $0.295 per share, maintaining shareholder returns amid weaker earnings performance.

Source: Business Wire
💬
Author
WS Investor 04-24-26
Schlumberger Receives Final Regulatory Approval for ChampionX Merger

Schlumberger Limited (NYSE: SLB) announced that the UK Competition and Markets Authority has approved its planned acquisition of ChampionX Corporation. This was the final regulatory clearance required, clearing the way for the all-stock merger to close on July 16, 2025.

Under the merger agreement, Schlumberger subsidiary Sodium Merger Sub will merge with ChampionX, which will continue as the surviving entity and become an indirect, wholly owned subsidiary of Schlumberger.

The companies will continue operating independently until the transaction officially closes, pending satisfaction or waiver of all remaining conditions. The merger is expected to bolster Schlumberger’s portfolio in production and chemical technologies.
💬
Author
WS Investor 07-15-25
SLB Announces First-Quarter 2025 Results;

Remains Committed to Return a Minimum of $4 Billion to Shareholders in 2025
Revenue of $8.49 billion decreased 3% year on year
GAAP EPS of $0.58 decreased 22% year on year
EPS, excluding charges and credits, of $0.72 decreased 4% year on year
Net income attributable to SLB of $797 million decreased 25% year on year
Adjusted EBITDA of $2.02 billion decreased 2% year on year
Cash flow from operations of $660 million increased $333 million year on year
Board approved quarterly cash dividend of $0.285 per share
💬
Author
European Investor 04-26-25
Video Thumbnail
03-26-26The Investor
Video Thumbnail
11-17-25WS News