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SLB N.V. to acquire Kelvion for $4 billion

PUBLIC · SLBOct 07, 2026

Acquiring Company

SLB

Acquired Company

Kelvion

NorwayEnergyOil And GasSoftwareRenewable EnergyManufacturing

Description

SLB N.V. has announced its acquisition of Kelvion for approximately $4 billion. This deal includes $3.4 billion in cash and the assumption of $700 million in debt. The acquisition aims to enhance SLB's data-center capabilities and expand its market presence. The transaction is expected to close in the first half of 2027, subject to approvals.

Company Information

Company

SLB

Location

Norway

About

SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day to decarbonize oil and gas and develop scalable new energy technologies to accelerate the energy transition. Find out more at slb.com.

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Frequently asked

Who acquired Kelvion?

Kelvion was acquired by SLB, based in Norway. The deal was reported on October 7, 2026. SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. SLB is publicly traded (SLB) and operates in Energy.

When did SLB acquire Kelvion?

SLB's acquisition of Kelvion was reported on October 7, 2026. SLB N.V. has announced its acquisition of Kelvion for approximately $4 billion. This deal includes $3.4 billion in cash and the assumption of $700 million in debt. The acquisition aims to enhance SLB's data-center capabilities and expand its market presence. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Kelvion do?

Kelvion is a manufacturer of cooling equipment, previously part of the GEA Group. The company specializes in heat exchangers and cooling solutions across various industries. Kelvion has been recognized for its innovative technologies in thermal engineering. It is privately held, operating in Manufacturing.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.