SLB publishes transcript of conference call on Kelvion acquisition agreement
SLB•Kelvion outlook and expected synergies
Kelvion's 2026 outlook is $2.3 billion to $2.4 billion in revenue and $350 million to $400 million in adjusted EBITDA. Data centers account for about 55% of revenue.
Targeted synergies are about $120 million in annual EBITDA within three years, including about $70 million from cost savings. SLB expects the deal to be accretive within 12 months after closing, and combined data center revenue is guided to $4.5 billion to $5 billion in 2028.
Conference call on Kelvion acquisition agreement
SLB held a conference call on its agreement to acquire Kelvion, attended by the CEO, CFO, SVP of Investor Relations and Industry Affairs.
Deal terms: SLB will pay about $3.4 billion in cash and assume about $0.7 billion of debt. Closing is expected in 1H 2027.
