SLB Ltd

SLB: XNYS (USA)

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SLB: Kelvion Acquisition Looks Like a Winner; Data Center Growth Comes at a Reasonable Price

Joshua Aguilar

Sep 1, 2026

SLB announced it is acquiring Kelvion, a global provider of data center thermal management and heat exchange technologies. It's paying roughly 11 times unadjusted 2026 EBITDA, or 8.5 times when baking in its anticipated synergy target by year three. The stock rose 5% during the trading day.

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SLB Ltd

SLB: Kelvion Acquisition Looks Like a Winner; Data Center Growth Comes at a Reasonable Price

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