SLB to Acquire Kelvion, Expanding its Role Across Data Center Infrastructure
SLB announced a $4.1 billion acquisition of thermal management provider Kelvion, marking a strategic expansion into data center infrastructure driven by AI growth trends. The transaction includes $3.4 billion in cash and $0.7 billion in debt assumption, with Kelvion expected to generate roughly $2.35 billion in revenue this year and deliver immediate accretion to SLB's earnings and free cash flow.
Key figures
- Target dc ebitda 2028
- $700 million to $800 million
- Target dc revenue 2028
- $4.5 billion to $5.0 billion
- Kelvion ebitda 2026 est
- $350 million to $400 million
- Synergies annual ebitda
- $120 million
- Kelvion revenue 2026 est
- $2.3 billion to $2.4 billion
- Shareholder returns 2026
- >$4 billion
- Net debt to ebitda target
- <1.5x
- Pro forma dc revenue 2026
- >$2 billion
- Valuation multiple pro forma
- 8.5x 2026 EBITDA
- Valuation multiple pre synergy
- 11x 2026 EBITDA
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.