SLB To Acquire Kelvion From Apollo-Managed Funds For ~$3.4B In Cash And To Assume ~$0.7B Of Debt
Scalable, energy-efficient and reliable thermal management technologies will optimize operating performance in increasingly complex data centers and industrial systemsSLB (NYSE:SLB) today announced it has signed an
SLB is buying a company called Kelvion for about $3.4 billion to get better cooling technology for data centers and factories. When a big company buys a smaller one, it usually means they think that business will help them make more money and serve customers better.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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