SLB to acquire Kelvion for $3.4 billion

SLB•2026-08-31

SLB to buy Kelvion from Apollo for $3.4 billion cash

Oilfield services provider SLB said on Monday it will acquire thermal management provider Kelvion from Apollo Global for $3.4 billion in cash, not including debt.

Deal value: $3.4 billion cash, excluding debt
Buyer: SLB
Seller: Apollo Global

SLB to acquire Kelvion for $3.4 billion

SLB to buy Kelvion from Apollo for $3.4 billion cash

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