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SLB agreed to acquire Kelvion for approximately $3.4 billion in cash, plus the ****** umption of about $700 million in debt. The deal is expected to close in the first half of 2027, pending regulatory approvals and other customary conditions.
The acquisition strengthens SLB's position in the rapidly growing AI and data-center cooling market by adding Kelvion's heat-exchange, air-cooling and heat-rejection technologies. SLB expects the combined data-center businesses to generate $4.5 billion to $5 billion in revenue and $700 million to $800 million in adjusted EBITDA in 2028.
SLB projects approximately $120 million in annual EBITDA synergies within three years of closing and says the transaction will be accretive to earnings and free cash flow per share within the first 12 months.
AI's Power Crunch Fuels a Pivot for These 2 Oilfield Stocks
#billion
SLB agreed to acquire Kelvion for approximately $3.4 billion in cash, plus the ****** umption of about $700 million in debt. The deal is expected to close in the first half of 2027, pending regulatory approvals and other customary conditions.
The acquisition strengthens SLB's position in the rapidly growing AI and data-center cooling market by adding Kelvion's heat-exchange, air-cooling and heat-rejection technologies. SLB expects the combined data-center businesses to generate $4.5 billion to $5 billion in revenue and $700 million to $800 million in adjusted EBITDA in 2028.
SLB projects approximately $120 million in annual EBITDA synergies within three years of closing and says the transaction will be accretive to earnings and free cash flow per share within the first 12 months.
AI's Power Crunch Fuels a Pivot for These 2 Oilfield Stocks
#billion
2 months ago
