SLB expands data center business with $4.1 billion deal for Kelvion - Reuters

SLB is expanding its data center business through the acquisition of Kelvion. Reports indicate the deal is valued between $3.4 billion and $4.1 billion. This strategic move specifically targets the growing demand for cooling solutions within the AI data center boom. By integrating Kelvion's expertise, SLB aims to strengthen its position in the critical infrastructure market, providing essential thermal management technologies required to support the increasing computational power of artificial intelligence systems globally.